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DISCONTINUED OPERATIONS (Tables)
12 Months Ended
Dec. 31, 2013
DISCONTINUED OPERATIONS (Tables)  
REVENUE AND EXPENSES PROPERTIES SOLD

The results of operations from these properties are shown below (dollars in thousands):

 

 

 

For Years Ended December 31,

 

 

 

2012

 

 

2011

 

 

2010

 

Revenue

 

 

 

 

 

 

 

 

 

     Rental and other property revenues

 

$

-

 

 

$

-

 

 

$

159

 

 

 

 

-

 

 

 

-

 

 

 

159

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

     Property operating expense

 

 

 

 

 

 

-

 

 

 

27

 

     Mortgage and loan interest expense

 

 

-

 

 

 

-

 

 

 

84

 

     General and administrative

 

 

24

 

 

 

106

 

 

 

1

 

     Provision on impairment of real estate assets

 

 

 

 

 

 

-

 

 

 

1,474

 

          Total operating expenses

 

 

24

 

 

 

106

 

 

 

1,586

 

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

 

 

(24

)

 

 

(106

)

 

 

(1,427

)

     Gain on sale of discontinued operations

 

 

-

 

 

 

-

 

 

 

947

 

Loss from discontinued operations

 

 

(24

)

 

 

(106

)

 

 

(480

)

     Income tax benefit

 

 

8

 

 

 

37

 

 

 

168

 

Net loss from discontinued operations

 

$

(16

)

 

$

(69

)

 

$

(312

)