Quarterly report pursuant to Section 13 or 15(d)

Real Estate Held for Sale (Tables)

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Real Estate Held for Sale (Tables)
6 Months Ended
Jun. 30, 2015
Real Estate [Abstract]  
Components of Income from Real Estate and Related Assets Held for Sale

The table below summarizes the components of income from real estate and related assets held for sale (dollars in thousands):

 

     For the three months ended June 30,      For the six months ended June 30,  
     2015      2014      2015      2014  

Operating revenue

   $ 86       $ 77       $ 169       $ 154   

Operating expense

     9         20         23         43   

Other expense

     39         40         79         80   
  

 

 

    

 

 

    

 

 

    

 

 

 

Income from real estate and related assets held for sale

   $ 38       $ 17       $ 67       $ 31   
  

 

 

    

 

 

    

 

 

    

 

 

 
Components of Assets and Liabilities Held for Sale

The table below summarizes the components of the assets and liabilities held for sale reflected on the accompanying condensed consolidated balance sheet (dollars in thousands):

 

     June 30, 2015  

ASSETS HELD FOR SALE

  

Real estate, at cost

   $ 2,795   

Less: accumulated depreciation

     (615
  

 

 

 

Total real estate held for sale, net

     2,180   
  

 

 

 

Lease intangibles, net

     17   

Deferred rent receivable, net

     30   

Deferred financing costs, net

     5   

Other assets

     3   
  

 

 

 

TOTAL ASSETS HELD FOR SALE

   $ 2,235   
  

 

 

 

LIABILITIES HELD FOR SALE

  

Other liabilities

     93   
  

 

 

 

TOTAL LIABILITIES HELD FOR SALE

   $ 93