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Discontinued Operations (Tables)
6 Months Ended
Jun. 30, 2012
Discontinued Operations.  
Summary of operating results for the asset held for sale

 

 

 

 

For the

 

For the

 

 

 

Three Months

 

Six Months

 

 

 

Ended

 

Ended

 

(in thousands)

 

June 30,

 

June 30,

 

 

 

2011

 

2011

 

Rental revenue

 

  $

159

 

  $

689

 

Related party revenue:

 

 

 

 

 

Syndication fees

 

2,973

 

3,490

 

Transaction fees

 

2,685

 

3,376

 

Rental operating expenses

 

(3

)

(5

)

Real estate taxes and insurance

 

(23

)

(56

)

Selling, general and administrative

 

(794

)

(1,518

)

Commissions

 

(1,556

)

(1,843

)

Depreciation and amortization

 

(74

)

(148

)

Interest income

 

4

 

5

 

Net income from discontinued operations

 

  $

3,371

 

  $

3,990