Assets Held for Sale and Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2013

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures

During the six months ended June 30, 2013, we classified one of our properties as held for sale as we committed to an approved plan to seek to dispose of the property. The sale of the property is expected to occur within one year. The following table represents the major classes of assets and liabilities and the balance sheet classification as of June 30, 2013 (in thousands):

	June 30, 2013
Land	$	5,109
Building and improvements, net	15,181
Lease intangibles, net	848
Property held for sale, net	$	21,138
Receivables and other assets, net	$	1,059
Non-real estate assets of property held for sale, net	$	1,059
Security deposits, prepaid rent and other liabilities	$	131
Security deposits, prepaid rent and other liabilities	$	131

The table below reflects the results of operations of the property classified as held for sale, which are included in discontinued operations for the three and six months ended June 30, 2013 and 2012 (in thousands):

	Three Months Ended June 30,					Six Months Ended June 30,
	2013		2012			2013			2012
Revenues:
Rental income	$	380	$	564		$	814		$	1,131
Expenses:
Rental	72		63			137			151
Depreciation and amortization	—		229			171			458
Total expenses	72		292			308			609
Income before other income (expense)	308		272			506			522
Other income (expense):
Interest expense related to debt	—		(128		)	(161		)	(255		)
Income from discontinued operations	$	308	$	144		$	345		$	267