Discontinued Operations

3 Months Ended

Mar. 31, 2012

Discontinued Operations [Abstract]

Discontinued Operations

8. Discontinued Operations

On January 6, 2012, we completed the sale of 350 West Mart Center, a 1.2 million square foot office building in Chicago, Illinois, for $228,000,000 in cash, which resulted in a net gain of $54,911,000.

In the first quarter of 2012, we sold seven retail properties in separate transactions, for an aggregate of $83,670,000 in cash, which resulted in a net gain aggregating $906,000.

The tables below set forth the assets and liabilities related to discontinued operations at March 31,2012 and December 31,2011 and their combined results of operations for the three months endedMarch 31,2012 and2011.

	Assets Related to				Liabilities Related to
(Amounts in thousands)	Discontinued Operations as of				Discontinued Operations as of
	March 31,		December 31,		March 31,		December 31,
	2012		2011		2012		2011
350 West Mart Center	$	-	$	173,780	$	-	$	6,361
Retail properties		-		77,422		-		7,792
Total	$	-	$	251,202	$	-	$	14,153
					For the Three Months
(Amounts in thousands)					Ended March 31,
					2012		2011
Total revenues					$	1,320	$	16,215
Total expenses						422		13,661
						898		2,554
Net gain on sale of 350 West Mart Center						54,911		-
Net gain on extinguishment of High Point debt						-		83,907
Net gain on sale of 1140 Connecticut Avenue and 1227 25th Street						-		45,862
Net gain on sales of other real estate						906		5,303
Income from discontinued operations					$	56,715	$	137,626