DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2012

Apartment Community	Region	Date Sold	Number of Units	Sales Price		Sales Price Per Unit		Gain on Sale
Chesterfield Apartments	Philadelphia	9/13/2012	247	$	25,155	$	102	$	12,209
Woodholme Manor	Baltimore	9/20/2012	177	16,000		90		7,449
Curren Terrace	Philadelphia	10/11/2012	318	29,793		94		15,872
Falcon Crest	Baltimore	11/8/2012	396	46,000		116		27,801
Timbercroft	Baltimore	12/13/2012	284	29,150		103		12,126
Glen Brook	Philadelphia	12/21/2012	174	13,500		78		5,075
			1,596	$	159,598			$	80,532

Operating results of discontinued operations

	2012		2011		2010
Revenues:
Rental income	$	14,360	$	16,590	$	19,455
Property other income	1,834		1,826		1,790
Other income	—		—		669
Total revenues	16,194		18,416		21,914
Expenses:
Operating and maintenance	6,201		7,468		10,506
Interest expense, including prepayment penalties	4,490		2,965		4,276
Depreciation and amortization	3,355		4,105		4,736
Total expenses	14,046		14,538		19,518
Income from discontinued operations	2,148		3,878		2,396
Gain (loss) on disposition of property	80,532		—		(13		)
Discontinued operations	$	82,680	$	3,878	$	2,383

- 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.

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