REAL ESTATE DISPOSITIONS AND DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2014

Discontinued Operations and Disposal Groups [Abstract]

A summary of our discontinued operations for the periods presented is detailed below (amounts in thousands):

	For the year ended December 31,
	2014			2013			2012
Revenues:
Rental income from operating leases	$	1,122		$	2,229		$	2,012
Total revenues		1,122			2,229			2,012
Expenses:
General and administrative		25			44			17
Property expense		336			635			694
Property management fees - related		43			80			71
Legal and professional		7			9			100
Depreciation and amortization		315			660			778
Total operating expenses		726			1,428			1,660
Operating income (loss)		396			801			352
Other income (expense):
Interest and other income		-			3			35
Interest expense		(232	)		(526	)		(708	)
Total other expense		(232	)		(523	)		(673	)
Income (loss) from real estate		164			278			(321	)
Gain on debt extinguishment		-			-			1,533
Gain on sale of real estate		6,781			-			-
Income from discontinued operations	$	6,945		$	278		$	1,212

- 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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