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Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2013
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]
The tables below reflect the assets and liabilities of the properties classified as held for sale and discontinued operations as of December 31, 2013 and 2012 and the results of operations of the properties included in discontinued operations on the Company’s Consolidated Statements of Operations for the years ended December 31, 2013, 2012 and 2011.

 
December 31,
(Dollars in thousands)
2013

 
2012

Balance Sheet data (as of the period ended):
 
 
 
Land
$
1,578

 
$
3,835

Buildings, improvements and lease intangibles
15,400

 
5,566

Personal property
—

 
207

 
16,978

 
9,608

Accumulated depreciation
(10,211
)
 
(6,303
)
Assets held for sale, net
6,767

 
3,305

Other assets, net (including receivables)
85

 
32

Assets of discontinued operations, net
85

 
32

Assets held for sale and discontinued operations, net
$
6,852

 
$
3,337

Accounts payable and accrued liabilities
$
1,091

 
$
99

Other liabilities
21

 
32

Liabilities of discontinued operations
$
1,112

 
$
131



 
Year Ended December 31,
(Dollars in thousands, except per share data)
2013

 
2012

 
2011

Statements of Operations data (for the period ended):
 
 
 
 
 
Revenues (1)
 
 
 
 
 
Rental income
$
8,229

 
$
17,947

 
$
23,628

Other operating
4

 
20

 
56

 
8,233

 
17,967

 
23,684

Expenses (2)
 
 
 
 
 
Property operating
1,836

 
3,712

 
5,433

General and administrative
1

 
9

 
10

Depreciation
1,653

 
4,698

 
7,019

Amortization
63

 
147

 
121

Bad debt, net of recoveries
1

 
(1
)
 
91

 
3,554

 
8,565

 
12,674

Other Income (Expense) (3)
 
 
 
 
 
Loss on extinguishment of debt
(270
)
 
—

 
—

Interest expense
(40
)
 
(97
)
 
(100
)
Interest and other income, net
53

 
169

 
111

 
(257
)
 
72

 
11

Income from Discontinued Operations
4,422

 
9,474

 
11,021

Impairments (4)
(9,889
)
 
(14,908
)
 
(6,697
)
Gain on sales of real estate properties (5)
24,718

 
10,874

 
7,035

Income from Discontinued Operations
$
19,251

 
$
5,440

 
$
11,359

Income from Discontinued Operations per Common Share - Basic
$
0.21

 
$
0.07

 
$
0.16

Income from Discontinued Operations per Common Share - Diluted
$
0.21

 
$
0.07

 
$
0.16

______
(1)
Total revenues for the years ended December 31, 2013, 2012 and 2011 included $7.0 million, $16.2 million and $22.1 million, respectively, related to properties sold; and $1.2 million, $1.8 million and $1.6 million, respectively, related to three properties held for sale as of December 31, 2013.
(2)
Total expenses for the years ended December 31, 2013, 2012 and 2011 included $2.1 million, $7.4 million and $12.0 million, respectively, related to properties sold; and $1.5 million, $1.2 million and $0.7 million, respectively, related to three properties held for sale as of December 31, 2013.
(3)
Other income (expense) for the years ended December 31, 2013, 2012, and 2011 included income related to properties sold.
(4)
Impairments for the year ended December 31, 2013 included the following: $3.3 million related to the sale of a land parcel; $0.4 million related to two properties classified to held for sale and subsequently sold for a gain; and $6.2 million related to three properties held for sale; December 31, 2012 included $11.1 million related to 12 properties sold and $3.8 million related to one property held for sale; and December 31, 2011 included $1.7 million related to two properties sold and $5.0 million related to five properties held for sale.
(5)
Gain on sales of real estate properties for the years ended December 31, 2013, 2012 and 2011 included gains on the sale of 12, seven and three properties, respectively.