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Discontinued Operations
 12 Months Ended
Dec. 31, 2013
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
Discontinued Operations
During 2013, we sold 20 centers of which nine were located in Texas, three each in Florida and North Carolina; two in New Mexico and one each in California, Nevada and Tennessee. As of December 31, 2013, we classified as held for sale eight centers that consisted of property and accumulated depreciation totaling $155.0 million and $32.4 million, respectively, of which three are located in Georgia, two each in Florida and Texas and one in North Carolina. See Note 26 for additional information.
During 2012, we sold 27 shopping centers, 54 industrial properties, and we assigned a 75% 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. As of December 31, 2012, no properties were classified as held for sale.
Included in the Consolidated Balance Sheet at December 31, 2012 was $371.7 million of property and $103.9 million of accumulated depreciation related to the 20 centers that were sold during 2013, as well as the eight centers classified as held for sale.
The operating results of these centers, which includes the eight centers classified as held for sale, have been reclassified and reported as discontinued operations in the Consolidated Statements of Operations as follows (in thousands):
 
Year Ended December 31,
 
2013
 
2012
 
2011
Revenues, net
$
34,922

 
$
86,466

 
$
127,824

Depreciation and amortization
(8,172
)
 
(18,913
)
 
(37,358
)
Operating expenses
(6,176
)
 
(16,112
)
 
(23,092
)
Real estate taxes, net
(3,779
)
 
(11,010
)
 
(16,955
)
Impairment loss
(236
)
 
(5,851
)
 
(26,203
)
General and administrative
(24
)
 
(2,214
)
 
(76
)
Interest, net
(6,395
)
 
(9,663
)
 
(11,258
)
Interest and other income, net
2

 
1

 
3

Gain on acquisition
—

 
—

 
4,559

Provision for income taxes
(323
)
 
(417
)
 
(455
)
Operating income from discontinued operations
9,819

 
22,287

 
16,989

Gain on sale of property from discontinued operations
119,203

 
68,619

 
10,648

Income from discontinued operations
$
129,022

 
$
90,906

 
$
27,637