Acquisitions, Dispositions, and Mortgage Funding (Tables)

3 Months Ended

Mar. 31, 2013

Acquisitions and Dispositions [Abstract]

Discontinued Operations and Assets Held for Sale

At March 31, 2013 and December 31, 2012, the Company had four and one properties, respectively, classified as held for sale. The Company recorded a $0.3 million impairment charge on a building currently classified as held for sale based on the execution of a sales agreement, a level 2 input.

(Dollars in thousands)	March 31, 2013			December 31, 2012
Balance Sheet data:
Land	$	4,310		$	3,835
Buildings, improvements and lease intangibles	35,342			5,566
Personal property	215			212
	39,867			9,613
Accumulated depreciation	(17,805		)	(6,303		)
Assets held for sale, net	22,062			3,310
Other assets, net (including receivables)	235			27
Assets of discontinued operations, net	235			27
Assets held for sale and discontinued operations, net	$	22,297		$	3,337
Accounts payable and accrued liabilities	$	71		$	99
Other liabilities	15			32
Liabilities of discontinued operations	$	86		$	131

	Three Months Ended March 31,
(Dollars in thousands)	2013			2012
Statements of Operations data:
Revenues
Rental income	$	851		$	4,292
Other operating	—			5
	851			4,297
Expenses
Property operating	316			1,104
General and administrative	—			5
Depreciation	48			909
Amortization	—			15
Bad debt, net of recoveries	—			(1		)
	364			2,032
Other Income (Expense)
Interest and other income, net	—			115
	—			115
Discontinued Operations
Income from discontinued operations	487			2,380
Impairments	(3,630		)	(4,170		)
Gain on sales of real estate properties	—			3,428
Income (Loss) from Discontinued Operations	$	(3,143	)	$	1,638