Gain on Sales of Real Estate

9 Months Ended

Sep. 30, 2016

Gain on Sales of Real Estate

Gain on Sales of Real Estate

12.Gain on Sales of Real Estate

During the third quarter of 2016, we sold 24 properties for $19.6 million, which resulted in a gain of $4.3 million.  During the first nine months of 2016, we sold 51 properties for $55.2 million, which resulted in a gain of $15.3 million.

During the third quarter of 2015, we sold eight properties for $21.5 million, which resulted in a gain of $6.2 million. During the first nine months of 2015, we sold 22 properties for $52.0 million, which resulted in a gain of $17.1 million.