XML 53 R31.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Investments in Joint Ventures (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2013
Equity Method Investments and Joint Ventures [Abstract] |
Condensed Combined Balance Sheets | The combined summarized financial information of the investments in Joint Ventures is as follows:
| December 31, 2013 |  | December 31, 2012
Condensed Combined Balance Sheets: |  |  |
Gross Investment in Real Estate | $ | 28,389 |  |  | $ | 115,488 |
Less: Accumulated Depreciation | (4,253 | ) |  | (38,535 | )
Net Investment in Real Estate | 24,136 |  |  | 76,953 |
Real Estate and Other Assets Held for Sale, Net of Accumulated Depreciation and Amortization of $40,387 and $0 | 48,408 |  |  | — |
Other Assets | 7,690 |  |  | 17,327 |
Total Assets | $ | 80,234 |  |  | $ | 94,280 |
Indebtedness | $ | 24,656 |  |  | $ | 81,764 |
Other Liabilities | 1,615 |  |  | 4,817 |
Indebtedness, Accrued Interest Expense and Leasing Intangibles Held for Sale, Net of Accumulated Amortization of $3,208 and $0 | 48,651 |  |  | — |
Equity | 5,312 |  |  | 7,699 |
Total Liabilities and Equity | $ | 80,234 |  |  | $ | 94,280 |
Company’s Share of Equity | $ | 896 |  |  | $ | 1,252 |
Basis Differentials(1) | (200 | ) |  | (448 | )
Carrying Value of the Company’s Investments in Joint Ventures | $ | 696 |  |  | $ | 804 |
_______________
(1) | This amount represents the aggregate difference between our historical cost basis and the basis reflected at the joint venture level. Basis differentials are primarily comprised of impairments we recorded to reduce certain of our investments in the 2003 Net Lease Joint Venture to fair value and certain deferred fees which are not reflected at the joint venture level.
Condensed Combined Statements of Operations |
| Year Ended December 31,
| 2013 |  | 2012 |  | 2011
Condensed Combined Statements of Operations: |  |  |  |  |
Total Revenues | $ | 3,433 |  |  | $ | 3,371 |  |  | $ | 3,411 |
Expenses: |  |  |  |  |
Property Expenses and Other | 1,070 |  |  | 1,096 |  |  | 1,226 |
Depreciation and Other Amortization | 931 |  |  | 764 |  |  | 836 |
Interest Expense | 1,532 |  |  | 1,633 |  |  | 1,643 |
Total Expenses | 3,533 |  |  | 3,493 |  |  | 3,705 |
Discontinued Operations: |  |  |  |  |
Loss Attributable to Discontinued Operations | (1,300 | ) |  | (1,607 | ) |  | (1,587 | )
Gain on Sale of Real Estate | 513 |  |  | 4,974 |  |  | 3,137 |
(Loss) Income from Discontinued Operations | (787 | ) |  | 3,367 |  |  | 1,550 |
Net (Loss) Income | $ | (887 | ) |  | $ | 3,245 |  |  | $ | 1,256 |
Equity in Income of Joint Ventures | $ | 136 |  |  | $ | 1,559 |  |  | $ | 980 |

X
- Details
Name: | us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration