Properties Held for Sale and Dispositions (Tables)

6 Months Ended

Jun. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Summary of income from discontinued operations

The following table summarizes net income from discontinued operations for the three and six months ended June 30, 2014 and 2013, respectively (in thousands):



	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
Revenues
Rental revenue	$	8,366	$	15,494	$	19,000	$	30,155
Escalation and reimbursement revenues	258		789		1,080		1,985
Other income	2		2		2		485
Total revenues	8,626		16,285		20,082		32,625
Operating expenses	291		2,362		1,179		4,832
Real estate taxes	383		1,245		1,402		2,489
Ground rent	805		719		3,001		3,582
Interest expense, net of interest income	2,707		3,892		5,827		6,918
Amortization of deferred financing costs	11		11		22		22
Depreciable real estate reserves	—		2,150		—		2,150
Depreciation and amortization	—		2,060		433		4,126
Transaction related costs, net of recoveries	40		8		40		(13		)
Total expenses	4,237		12,447		11,904		24,106
Net income from discontinued operations	$	4,389	$	3,838	$	8,178	$	8,519

- 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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