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DISCONTINUED OPERATIONS (Tables)
9 Months Ended
Sep. 30, 2012
DISCONTINUED OPERATIONS (Tables)  
REVENUE AND EXPENSES PROPERTIES SOLD

 

 

 

For the Three Months Ended

 

 

For the Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2012

 

 

2011

 

 

2012

 

 

2011

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

     Rental

 

$

-

 

 

$

-

 

 

$

-

 

 

$

159

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     Property operations

 

 

3

 

 

 

7

 

 

 

5

 

 

 

42

 

     General and administrative

 

 

40

 

 

 

1

 

 

 

47

 

 

 

2

 

     Provision on impairmentof real estate assets

 

 

-

 

 

 

-

 

 

 

-

 

 

 

1,474

 

     Mortgage and loan interest

 

 

-

 

 

 

2

 

 

 

-

 

 

 

85

 

 

 

 

43

 

 

 

10

 

 

 

52

 

 

 

1,603

 

Loss from discontinued operations before gains on sale of real estate, taxes, and fees

 

 

(43

)

 

 

(10

)

 

 

(52

)

 

 

(1,444

)

     Loss on sale of discontinued operations

 

 

-

 

 

 

(475

)

 

 

-

 

 

 

(475

)

Loss from discontinued operations

 

$

(43

)

 

$

(485

)

 

$

(52

)

 

$

(1,919

)

     Tax benefit

 

 

15

 

 

 

170

 

 

 

18

 

 

 

672

 

Net loss from discontinued operations

 

$

(28

)

 

$

(315

)

 

$

(34

)

 

$

(1,247

)