Properties Held For Sale and Related Transactions (Tables)

9 Months Ended

Sep. 30, 2013

Properties Held For Sale And Related Transactions [Abstract]

Schedule Of The Components Of Income (Loss) From Discontinued Operations


	Three months ended September 30,		Nine months ended September 30,
	2013	2012	2013	2012
Revenues:
Rents	$ 1,414,000	$ 4,480,000	$ 4,863,000	$ 14,124,000
Expense recoveries and other	558,000	1,108,000	1,603,000	3,704,000
Total revenues	1,972,000	5,588,000	6,466,000	17,828,000
Expenses:
Operating, maintenance and management	505,000	1,533,000	2,619,000	5,332,000
Real estate and other property-related taxes	592,000	986,000	1,660,000	3,020,000
Depreciation and amortization	-	28,000	-	104,000
Interest	389,000	1,799,000	1,298,000	5,692,000
Early extinguishment of debt costs	-	-	437,000	-
Total expenses	1,486,000	4,346,000	6,014,000	14,148,000
Income from discontinued operations
before impairments	486,000	1,242,000	452,000	3,680,000
Impairment reversals, net	-	-	-	1,138,000
Income from discontinued operations	$ 486,000	$ 1,242,000	$ 452,000	$ 4,818,000

Gain on extinguishment of debt	$ -	$ -	$ 1,298,000	$ -

Gain on sales of discontinued operations	$ -	$ -	$ -	$ 750,000

Schedule Of Transactions Related To Properties Held For Sale/Conveyance


	Percent		Date	Sales	Gain on
Property	Sold	Location	Sold	Price	Sale
Discontinued operations:
East Chestnut	100%	Lancaster, PA	1/2/2013	$ 3,100,000	$ -
Columbia Mall	100%	Bloomsburg, PA	4/17/2013	$ 2,775,000	$ -
Heritage Crossing	100%	Limerick, PA	5/9/2013	$ 9,400,000	$ -
Westlake Discount Drug Mart Plaza	100%	Westlake, OH	6/5/2013	$ 2,240,000	$ -

Continuing operations:
Huntingdon Plaza land parcel	100%	Huntingdon, PA	3/29/2013	$ 390,000	$ 291,000

- Definition

Tabular disclosure of long lived assets held for sale. Disclosure may include the description of the facts and circumstances leading to the expected disposal, manner and timing of disposal, the carrying value of the assets held for sale, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss).

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- 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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