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 accompanying consolidated balance sheets (in thousands): | | | | | | | | | | March 31,
2015 | | December 31,
2014 | Assets | | | | Land and improvements | $ | 5,335 |
| | $ | 5,351 |
| Buildings and improvements | 5,780 |
| | 5,798 |
| Total real estate investments | 11,115 |
| | 11,149 |
| Less: accumulated depreciation | (2,167 | ) | | (2,167 | ) | Intangible lease assets, net | 460 |
| | 460 |
| Total assets | $ | 9,408 |
| | $ | 9,442 |
| | | | | Liabilities | | | | Intangible lease liabilities, net | $ | 448 |
| | $ | 448 |
| Total liabilities | $ | 448 |
| | $ | 448 |
| | | | | Net assets | $ | 8,960 |
| | $ | 8,994 |
|
The following sets forth the results of discontinued operations (dollars in thousands): | | | | | | | | | | Three Months Ended
March 31, | | 2015 | | 2014 | Revenues: | | | | Rent | $ | 310 |
| | $ | 308 |
| Non-cash rent | — |
| | (29 | ) | Other | 13 |
| | 2,917 |
| Total revenues | 323 |
| | 3,196 |
| Expenses: | | | | General and administrative | 1 |
| | 3 |
| Property costs | 61 |
| | 139 |
| Impairments | 34 |
| | — |
| Total expenses | 96 |
| | 142 |
| Income from discontinued operations | 227 |
| | 3,054 |
| Loss on dispositions of assets | — |
| | (7 | ) | Total discontinued operations | $ | 227 |
| | $ | 3,047 |
| Number of properties disposed of during period | — |
| | 2 |
|
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