Discontinued Operations

6 Months Ended

Jun. 30, 2013

Discontinued Operations And Disposal Groups [Abstract]

Discontinued Operations

13. Discontinued Operations

During 2012 the Trust’s net lease retail property in Memphis, Tennessee and its office property in Indianapolis, Indiana were sold and are included in discontinued operations. During 2013 the Trust’s office properties located in Deer Valley, Arizona and Andover, Massachusetts were sold and are included in discontinued operations for all periods presented. Also during 2013 the Trust’s retail property in Denton, Texas went under contract with a non-refundable deposit and was classified as a held for sale asset as of June 30, 2013.

Results for discontinued operations for the three and six months ended June 30, 2013 and 2012 are as follows (in thousands):

	For the Three Months Ended						For the Six Months Ended
	June 30, 2013			June 30, 2012			June 30, 2013			June 30, 2012
Revenues	$	468		$	1,416		$	1,414		$	2,755
Operating expenses		(341	)		(558	)		(647	)		(1,073	)
Interest expense		—			(64	)		—			(129	)
Depreciation and amortization		(157	)		(471	)		(507	)		(925	)
Gain on sale of assets		6,752			—			9,527			—
Impairment loss		(154	)		—			(154	)		—
Income from discontinued operations	$	6,568		$	323		$	9,633		$	628