Real Estate Assets Held for Sale, Discontinued Operations and Sale of Joint Venture Equity Interests (Tables)

3 Months Ended

Mar. 31, 2015

Real Estate Assets Held for Development and Sale [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

The following is a summary of the results of operations of the Creekside property classified as discontinued operations for the three months ended March 31, 2014 (amounts in thousands); there were no operations for the three months ended March 31, 2015 as the property was sold on March 28, 2014:

	For the Three Months Ended March 31,
	2015		2014
Total revenues	$	-	$	508
Expenses
Property operating		-		(229)
Depreciation and amortization		-		(184)
Management fees		-		(8)
Interest, net		-		(149)
Loss on operations of rental property	$	-	$	(62)
Gain on sale of joint venture interest		-		1,006
Loss on early extinguishment of debt		-		(880)
Income from discontinued operations	$	-	$	64

- 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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