| Net Gains or Losses from Discontinued Operations |
The following table is a reconciliation of the major classes of assets and liabilities from discontinued operations included in real estate assets held for sale on the condensed consolidated balance sheets as of June 30, 2014 and December 31, 2013 (in thousands): | | | | | | | | | | June 30,
2014 | | December 31,
2013 | Assets | | | | Land and improvements | $ | 6,699 |
| | $ | 10,003 |
| Buildings and improvements | 7,460 |
| | 14,178 |
| Total real estate investments | 14,159 |
| | 24,181 |
| Less: Accumulated depreciation | (2,613 | ) | | (4,819 | ) | Intangible lease assets, net | 567 |
| | 697 |
| Other | 228 |
| | — |
| Total assets | $ | 12,341 |
| | $ | 20,059 |
| | | | | Liabilities | | | | Intangible lease liabilities, net | $ | 448 |
| | $ | 448 |
| Total liabilities | $ | 448 |
| | $ | 448 |
|
The results of discontinued operations for the three and six months ended June 30, 2014 and 2013, are summarized below (dollars in thousands): | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | June 30, 2014 | | June 30, 2013 | | June 30, 2014 | | June 30, 2013 | Revenues: | | | | | | | | Rent | $ | 309 |
| | $ | 2,228 |
| | $ | 617 |
| | $ | 4,450 |
| Non-cash rent | 2 |
| | (143 | ) | | (27 | ) | | (125 | ) | Other | 33 |
| | 7 |
| | 2,950 |
| | 7 |
| Total revenues | 344 |
| | 2,092 |
| | 3,540 |
| | 4,332 |
| Expenses: | | | | | | | | General and administrative | 9 |
| | 7 |
| | 12 |
| | 16 |
| Property costs | 56 |
| | 266 |
| | 195 |
| | 340 |
| Interest | — |
| | — |
| | — |
| | 194 |
| Depreciation and amortization | — |
| | 1,213 |
| | — |
| | 2,590 |
| Impairments | — |
| | 1,786 |
| | — |
| | 3,889 |
| Total expenses | 65 |
| | 3,272 |
| | 207 |
| | 7,029 |
| Gain (loss) from discontinued operations before other income | 279 |
| | (1,180 | ) | | 3,333 |
| | (2,697 | ) | Other income: | | | | | | | | Gain on debt extinguishment | — |
| | 1,028 |
| | — |
| | 1,028 |
| Other | — |
| | 22 |
| | — |
| | 45 |
| Total other income | — |
| | 1,050 |
| | — |
| | 1,073 |
| Income (loss) from discontinued operations | 279 |
| | (130 | ) | | 3,333 |
| | (1,624 | ) | Gain (loss) on dispositions of assets | 92 |
| | (191 | ) | | 85 |
| | (11 | ) | Total discontinued operations | $ | 371 |
| | $ | (321 | ) | | $ | 3,418 |
| | $ | (1,635 | ) | Number of properties disposed of during period (a) | 3 |
| | 4 |
| | 5 |
| | 10 |
| | | | | | | | |
(a) During the six months ended June 30, 2014, seven properties were sold, but only five of them were held for sale at December 31, 2013 and qualified for discontinued operations under ASU 2014-08. |