Discontinued Operations

6 Months Ended

Jun. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS [Text Block]

DISCONTINUED OPERATIONS

The Company had no property dispositions classified as discontinued operations during the three and six months ended June 30, 2014. There was nominal income before gain on sales recognized during 2014 relating to properties classified into discontinued operations in prior periods and a $0.9 million gain relating to the post closing activity for the sale of the Princeton Pike Corporate Center completed in the first quarter of 2013. See Note 3 for further information.

For the three and six-month periods ended June 30, 2013, income from discontinued operations relates to the 14 properties sold by the Company from January 1, 2013 through December 31, 2013. The following table summarizes the revenue and expense information for properties classified as discontinued operations for the three and six-month periods ended June 30, 2013 (in thousands):

	Three-month period ended June 30, 2013			Six-month period ended June 30, 2013
Revenue:
Rents	$	895		$	4,658
Tenant reimbursements	7			345
Termination fees	—			—
Other	9			123
Total revenue	911			5,126
Expenses:
Property operating expenses	330			1,711
Real estate taxes	118			584
Depreciation and amortization	337			1,845
Total operating expenses	785			4,140
Other income:
Interest income	3			3
Income from discontinued operations before gain on sale of interests in real estate	129			989
Net gain on disposition of discontinued operations	(2,259		)	3,045
Income from discontinued operations	$	(2,130	)	$	4,034

Discontinued operations have not been segregated in the consolidated statements of cash flows. Therefore, amounts for certain captions will not agree with respective data in the consolidated statements of operations.