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Gain on Sales of Investment Properties
3 Months Ended
Mar. 31, 2013
Gain on Sales of Investment Properties  
Gain on Sales of Investment Properties

13.   Gain on Sales of Investment Properties

 

During the first three months of 2013, we sold 17 investment properties for $60.0 million, which resulted in a gain of $38.6 million. In comparison, during the first three months of 2012, we sold five investment properties for $3.6 million, which resulted in a gain of $611,000. The results of operations for these properties have been reclassified as discontinued operations.