Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2014

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


	Three months ended March 31,
	2014	2013
REVENUES
Rents	$ 1,715,000	$ 2,920,000
Expense recoveries and other	930,000	846,000
Total revenues	2,645,000	3,766,000
EXPENSES
Operating, maintenance and management	720,000	1,685,000
Real estate and other property-related taxes	481,000	658,000
Depreciation and amortization	-	321,000
Interest	414,000	709,000
Early extinguishment of debt costs, net	(13,000)	437,000
Total expenses	1,602,000	3,810,000

INCOME (LOSS) FROM OPERATIONS	1,043,000	(44,000)

IMPAIRMENT CHARGES, NET	(64,000)	-

TOTAL INCOME (LOSS) FROM DISCONTINUED OPERATIONS	$ 979,000	$ (44,000)

- 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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