Discontinued Operations

9 Months Ended

Sep. 30, 2011

Discontinued Operations [Abstract]

Discontinued Operations

11. Discontinued Operations

In addition to the Trust’s properties in Athens, Georgia; Lafayette, Louisiana; Knoxville, Tennessee; and Sherman, Texas that were previously classified as discontinued operations, in January 2011 another retail property in St. Louis, Missouri has also been classified as discontinued operations. In February 2011 the Trust entered into an agreement to sell the St. Louis, Missouri property subject to the buyer’s due diligence. In August 2011, the Trust sold its Knoxville, Tennessee property for net proceeds of $2,151,000.

Results for discontinued operations for the three and nine months ended September 30, 2011 and 2010 are as follows (in thousands):

	For the Three Months Ended						For the Nine Months Ended
	September 30,			September 30,			September 30,			September 30,
	2011			2010			2011			2010
Revenues	$	—		$	255		$	265		$	821
Operating expenses		(76	)		(2	)		(203	)		(22	)
Depreciation and amortization		—			(62	)		(2	)		(124	)
Impairment loss		—			(1,720	)		—			(2,720	)
Loss on sale of assets held for sale		(58	)		—			(58	)		—
Income (loss) from discontinued operations	$	(134	)	$	(1,529	)	$	2		$	(2,045	)