Discontinued Operations

6 Months Ended

Jun. 30, 2013

Notes To Financial Statements [Abstract]

Discontinued Operations

Discontinued Operations

The four properties that we sold during the six months ended June 30, 2013 as well as the nine properties sold by us during 2012 have been classified as discontinued operations in the Consolidated Statement of Operations. Two additional properties that were classified as held for sale during the second quarter of 2013 are included in discontinued operations as well.

The following table lists the communities classified as discontinued operations for the six months ended June 30, 2013:

Community	Number of Units	Date Sold	Location	Operating Segment
Woodbridge at the Lake	188	May 15, 2013	Jacksonville, Florida	Large market same store
Savannahs at James Landing	256	June 13, 2013	Melbourne, Florida	Secondary market same store
High Ridge	160	June 13, 2013	Athens, Georgia	Secondary market same store
TPC Jacksonville	440	June 20, 2013	Jacksonville, Florida	Large market same store
Marsh Oaks	120	Held for sale	Jacksonville, Florida	Large market same store
Fountain Lake	113	Held for sale	Brunswick, Georgia	Secondary market same store

The following is a summary of continuing and discontinued operations attributable to MAA and noncontrolling interest for the three- and six-month periods ended June 30, 2013 and 2012 (dollars in thousands):

	Three months ended June 30,				Six months ended June 30,
	2013		2012		2013		2012
Income from continuing operations:
Attributable to MAA	$	16,391	$	14,563	$	36,695	$	28,352
Attributable to noncontrolling interest	613		665		1,409		1,327
Income from continuing operations	$	17,004	$	15,228	$	38,104	$	29,679
Income from discontinued operations:
Attributable to MAA	$	42,698	$	13,597	$	43,574	$	23,698
Attributable to noncontrolling interest	1,326		647		1,355		1,163
Income from discontinued operations	$	44,024	$	14,244	$	44,929	$	24,861

The following is a summary of discontinued operations for the three- and six-month periods ended June 30, 2013 and 2012 (dollars in thousands):

	Three months ended June 30,						Six months ended June 30,
	2013			2012			2013			2012
Revenues
Rental revenues	$	2,452		$	5,893		$	5,359		$	12,241
Other revenues	170			566			385			1,184
Total revenues	2,622			6,459			5,744			13,425
Expenses
Property operating expenses	1,176			3,157			2,555			6,702
Depreciation and amortization	466			1,679			1,223			3,474
Interest expense	73			330			154			714
Total expense	1,715			5,166			3,932			10,890
Gain from discontinued operations before gain on sale	907			1,293			1,812			2,535
Net loss on insurance and other settlement proceeds on discontinued operations	(4		)	(2		)	(4		)	(56		)
Gain on sale of discontinued operations	43,121			12,953			43,121			22,382
Income from discontinued operations	$	44,024		$	14,244		$	44,929		$	24,861