Annual report pursuant to Section 13 and 15(d)

DISCONTINUED OPERATIONS (Tables)

v3.22.4
DISCONTINUED OPERATIONS (Tables)
 12 Months Ended
Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]  
Schedule Of Income From Discontinued Operations And Related Realized And Unrealized Gains (Losses) (Details)
The following table summarizes income from discontinued operations and the related realized gains (losses) and unrealized losses on disposition of rental property and impairments, net, for the years ended December 31, 2022, 2021 and 2020 (dollars in thousands):
Year Ended December 31,
2022 2021 2020
Total revenues $ 5,971  $ 34,541 $ 141,002
Operating and other expenses (1,390) (13,506) (55,700)
Depreciation and amortization (889) (2,554) (6,386)
Interest expense —  (1,570) (5,256)
Income from discontinued operations 3,692  16,911  73,660 
Unrealized gains (losses) on disposition of rental property (a) (4,440) 569  (36,816)
Realized gains (losses) on disposition of rental property (b) —  24,983 50,840
Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net (4,440) 25,552  14,024 
Total discontinued operations, net $ (748) $ 42,463  $ 87,684 
(a)Represents valuation allowances and impairment charges on properties classified as discontinued operations.
(b)See Note 3: Real Estate Transactions – Dispositions for further information regarding properties sold and related gains (losses).