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Discontinued Operations
 3 Months Ended
Mar. 31, 2013
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
Discontinued Operations
For the three months ended March 31, 2013, we sold one center located in Florida. No properties were classified as held for sale as of March 31, 2013, as the potential disposition of assets currently being marketed was not deemed probable.
During 2012, we sold 27 shopping centers, 54 industrial properties, and we assigned a 75% interest consolidated joint venture interest to our partner. Of these dispositions, 55 were located in Texas, six each in Florida and Georgia, three in North Carolina, two each in Colorado, Louisiana and Virginia and one each in Arizona, Illinois, Kansas, Maine, Oklahoma and Tennessee. As part of these 2012 dispositions, we sold, in May 2012, a portfolio of 52 wholly-owned industrial properties in order to exit the industrial real estate market and further align and strengthen our position solely as a retail REIT.
Included in the Condensed Consolidated Balance Sheet at December 31, 2012 was $4.0 million of property and $.1 million of accumulated depreciation related to the one property that was sold during 2013.
The operating results of these properties have been reclassified and reported as discontinued operations in the Condensed Consolidated Statements of Operations and Comprehensive Income as follows (in thousands):
 
Three Months Ended
March 31,
 
2013
 
2012
Revenues, net
$
119

 
$
18,848

Depreciation and amortization
(12
)
 
(5,619
)
Operating expenses
(22
)
 
(3,296
)
Real estate taxes, net
(4
)
 
(2,836
)
Impairment loss
(236
)
 
(3,171
)
General and administrative
—

 
(14
)
Interest, net
—

 
(279
)
Operating (loss) income from discontinued operations
(155
)
 
3,633

Gain on sale of property from discontinued operations
—

 
3,634

(Loss) income from discontinued operations
$
(155
)
 
$
7,267


We do not allocate other consolidated interest to discontinued operations because the interest savings to be realized from the proceeds of the sale of these operations is not material.