Earnings from Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2013

Notes To Financial Statements [Abstract]

Schedule of discontinued operation properties sold

The following table lists the communities classified as discontinued operations for the year ended December 31, 2013:



Community	Number of Units/Sq. Ft.	Date Sold	Location	Operating Segment
Woodbridge at the Lake	188	May 15, 2013	Jacksonville, Florida	Large market same store
Savannahs at James Landing ⁽¹⁾	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	August 15, 2013	Jacksonville, Florida	Large market same store
Three Oaks	240	September 11, 2013	Valdosta, Georgia	Secondary market same store
Wildwood	216	September 11, 2013	Thomasville, Georgia	Secondary market same store
Shenandoah Ridge	272	September 30, 2013	Augusta, Georgia	Secondary market same store
Whispering Pines	216	October 31, 2013	LaGrange, Georgia	Secondary market same store
Willow Creek	285	Held for Sale	Columbus, Georgia	Secondary market same store
Colonial Promenade Nord du Lac	282,946	Held for Sale	New Orleans, Louisiana	Non-same store and other

Summary of Discontinued Operations

The following is a summary of earnings from discontinued operations for MAA for the years ended December 31, 2013, 2012 and 2011 (dollars in thousands):



	2013		2012		2011
Revenues:
Rental revenues	$	13,255	$	27,598	$	39,923
Other revenues	1,189		2,706		4,184
Total revenues	14,444		30,304		44,107
Expenses:
Property operating expenses	6,205		14,066		21,274
Depreciation and amortization	2,716		7,433		10,418
Interest expense	458		1,867		2,673
Total expenses	9,379		23,366		34,365
Income from discontinued operations before gain on sale	5,065		6,938		9,742
Net gain (loss) on insurance and other settlement proceeds on discontinued operations	93		48		(12		)
Gain on sale of discontinued operations	76,844		41,635		12,799
Income from discontinued operations	$	82,002	$	48,621	$	22,529

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References+ Details