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Discontinued operations (Tables)
12 Months Ended
Dec. 31, 2013
Discontinued Operations and Disposal Groups [Abstract]  
Summary of net assets of discontinued operations and income from discontinued operations, net
The following is a summary of net assets of discontinued operations as of December 31, 2013 and 2012, and income from
discontinued operations, for the years ended December 31, 2013, 2012, and 2011 (in thousands):
 
December 31,
 
2013
 
2012
Properties “held for sale,” net
$
7,644

 
$
133,111

Other assets
103

 
1,714

Total assets
7,747

 
134,825

 
 

 
 
Total liabilities
(266
)
 
(5,063
)
Net assets of discontinued operations
$
7,481

 
$
129,762


 
 
Year Ended December 31,
 
 
2013
 
2012
 
2011
Total revenues
 
$
4,657

 
$
36,283

 
$
37,744

Operating expenses
 
(1,981
)
 
(11,313
)
 
(11,482
)
Total revenues less operating expenses from discontinued operations
 
2,676

 
24,970

 
26,262

Interest expense
 

 

 
(71
)
Depreciation expense
 
(1,655
)
 
(6,318
)
 
(7,120
)
(Loss) gain on sale of real estate
 
(121
)
 
1,564

 

Impairment of real estate
 

 
(11,400
)
 
(994
)
Income from discontinued operations (1)
 
$
900

 
$
8,816

 
$
18,077


(1)
Income from discontinued operations includes the results of operations of four properties that were classified as “held for sale” as of December 31, 2013, as well as the results of operations (prior to disposition) and gain/loss on sale of real estate attributable to 14 properties sold during the period from January 1, 2011, to December 31, 2013.