Discontinued Operations

3 Months Ended

Mar. 31, 2014

Discontinued Operation, Income (Loss) from Discontinued Operation Disclosures [Abstract]

Discontinued Operations

Discontinued Operations

Included in discontinued operations for the three months ended March 31, 2014 is the reversal of a liability that was established with the March 4, 2010 acquisition of Toronto Dundas Square. This liability was reversed as the related payment is not expected to occur. Included in discontinued operations for the three months ended March 31, 2013 are the operations operations of five winery and vineyard properties which were sold during 2013.

The operating results relating to discontinued operations are as follows (in thousands):

	Three Months Ended March 31,
	2014			2013
Rental revenue	$	3		$	746
Total revenue	3			746
Property operating expense (benefit)	6			(9		)
Other expense (benefit)	(18		)	67
Transaction costs (benefit)	(3,376		)	—
Depreciation and amortization	—			923
Income (loss) before gain on sale or acquisition of real estate	3,391			(235		)
Gain on sale of real estate	—			565
Net income	$	3,391		$	330