Properties Held For Sale and Related Transactions (Tables)

3 Months Ended

Mar. 31, 2013

Properties Held For Sale And Related Transactions [Abstract]

Schedule Of The Components Of Income (Loss) From Discontinued Operations


	Three months ended March 31,
	2013	2012
Revenues:
Rents	$ 1,804,000	$ 5,145,000
Expense recoveries	484,000	1,421,000
Other	74,000	40,000
Total revenues	2,362,000	6,606,000
Expenses:
Operating, maintenance and management	1,414,000	1,891,000
Real estate and other property-related taxes	526,000	1,195,000
Depreciation and amortization	-	49,000
Interest	494,000	1,989,000
Early extinguishment of debt costs	437,000	-
Total expenses	2,871,000	5,124,000
(Loss) income from discontinued operations before
impairments	(509,000)	1,482,000
Impairment reversals, net	-	1,138,000
(Loss) income from discontinued operations	$ (509,000)	$ 2,620,000

Gain on sales of discontinued operations	$ -	$ 457,000

Schedule Of Transactions Related To Properties Held For Sale/Conveyance


	Percent		Date	Sales	Gain on
Property	Sold	Location	Sold	Price	Sale
Discontinued operations:
East Chestnut	100%	Lancaster, PA	1/2/2013	$ 3,100,000	$ -

Continuing operations:
Huntingdon Plaza land parcel	100%	Huntingdon, PA	3/29/2013	$ 390,000	$ 291,000

- Definition

Tabular disclosure of long lived assets held for sale. Disclosure may include the description of the facts and circumstances leading to the expected disposal, manner and timing of disposal, the carrying value of the assets held for sale, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss).

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- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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