SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2015

SEGMENT REPORTING

Schedule of revenues and net operating income for each of the reportable segments

	Three Months Ended March 31,
	2015		2014
Revenues:
Core properties	$ 162,097		$ 157,972
Non-core properties	11,800		3,678
Disposed properties	2,430		3,507
Reconciling items	317		141
Total revenues	$ 176,644		$ 165,298
Net operating income:
Core properties	$ 100,356		$  95,435
Non-core properties	6,978		1,970
Disposed properties	1,686		2,181
Reconciling items	317		141
Net operating income, including reconciling items	109,337		99,727
General and administrative expenses	(8,543	)	(9,258	)
Interest expense	(25,485	)	(24,852	)
Depreciation and amortization	(47,864	)	(43,778	)
Other expenses	(377	)	(8	)
Impairment and other charges	(181	)	-
Income from continuing operations, before gain on disposition of real estate	$  26,887		$  21,831

Summary of assets for each of the reportable segments

Assets	March 31, 2015		December 31, 2014
Apartment communities
Core properties		$ 3,807,190		$ 3,832,432
Non-core properties		593,730		477,630
Disposed properties		-		83,438
Reconciling items		93,053		95,035
Total assets		$ 4,493,973		$ 4,488,535