Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2015

Schedule Of The Components Of Income From Discontinued Operations


	Three months ended June 30,		Six months ended June 30,
	2015	2014	2015	2014
REVENUES
Rents	$ -	$ 933,000	$ 38,000	$ 2,481,000
Expense recoveries and other	-	144,000	1,000	877,000
Total revenues	-	1,077,000	39,000	3,358,000
EXPENSES
Operating, maintenance and management	-	133,000	20,000	711,000
Real estate and other property-related taxes	-	79,000	7,000	517,000
Interest	-	230,000	-	631,000
Total expenses	-	442,000	27,000	1,859,000

INCOME FROM OPERATIONS	-	635,000	12,000	1,499,000

IMPAIRMENT REVERSALS	-	183,000	153,000	125,000

GAIN ON EXTINGUISHMENT OF DEBT OBLIGATIONS	-	1,423,000	-	1,423,000

GAIN ON SALES	-	7,963,000	-	7,963,000

TOTAL INCOME FROM DISCONTINUED OPERATIONS	$ -	$ 10,204,000	$ 165,000	$ 11,010,000

- 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.

+ References + Details