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The Following Is a Summary Of The Financial Position And Results Of Operations (Tables)
 9 Months Ended
Sep. 30, 2012
The Following Is a Summary Of The Financial Position And Results Of Operations  
The Following Is a Summary Of The Financial Position And Results Of Operations

The following is a summary of the financial position and results of operations from our investees:

 

 

 

For the Nine Months Ended September 30,

 

 

 

2012

 

 

2011

 

Other Investees

 

 

 

 

 

 

Real estate, net of accumulated depreciation

 

$

11,798

 

 

$

116,596

 

Notes receivable

 

 

6,046

 

 

 

5,538

 

Other assets

 

 

31,903

 

 

 

43,890

 

Notes payable

 

 

(13,864

)

 

 

(87,594

)

Other liabilities

 

 

(6,868

)

 

 

(15,513

)

Shareholders' equity/partners capital

 

 

(29,015

)

 

 

(62,917

)

 

 

 

 

 

 

 

 

 

Revenue

 

$

30,546

 

 

$

41,453

 

Depreciation

 

 

(901

)

 

 

(4,887

)

Operating expenses

 

 

(27,478

)

 

 

(33,894

)

Gain on land sales

 

 

-

 

 

 

-

 

Interest expense

 

 

(798

)

 

 

(3,770

)

Income (loss) from continuing operations

 

$

1,369

 

 

$

(1,098

)

Income from discontinued operations

 

 

-

 

 

 

-

 

Net income (loss)

 

$

1,369

 

 

$

(1,098

)

 

 

 

 

 

 

 

 

 

Company's proportionate share of earnings (losses) (1)

 

$

274

 

 

$

(28

)