Discontinued operations (Tables)

6 Months Ended

Jun. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Summary of net assets of discontinued operations and (loss) income from discontinued operations, net

The following is a summary of net assets of discontinued operations and (loss) income from discontinued operations (in thousands):

	June 30, 2014			December 31, 2013
Properties “held for sale,” net	$	7,651		$	7,644
Other assets	35			103
Total assets	7,686			7,747
Total liabilities	(135		)	(266		)
Net assets of discontinued operations	$	7,551		$	7,481

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
Total revenues	$	—		$	546		$	—		$	4,339
Operating expenses	147			280			309			1,730
Total revenues less operating expenses from discontinued operations	(147		)	266			(309		)	2,609
Depreciation expense	—			236			—			1,402
(Gain) loss on sale of real estate	—			(219		)	—			121
(Loss) income from discontinued operations (1)	$	(147	)	$	249		$	(309	)	$	1,086

(1) (Loss) income from discontinued operations includes the results of operations of four properties that were classified as “held for sale” as of June 30, 2014, as well as the results of operations (prior to disposition) and (gain) loss on sale of real estate attributable to seven properties sold during the period from January 1, 2013, to June 30, 2014.