XML 47 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
INVESTMENT IN UNCONSOLIDATED INVESTEES (Tables)
 9 Months Ended
Sep. 30, 2014
SCHEDULE OF INVESTMENT IN UNCONSOLIDATED INVESTEES  
Schedule Of The Financial Position And Results Of Operations

The following is a summary of the financial position and results of operations from our investees (dollars in thousands):

 

As of September 30,

 

2014

 

 

2013

 

Real estate, net of accumulated depreciation

 

$

11,014

 

 

$

11,006

 

Notes receivable

 

 

7,122

 

 

 

6,321

 

Other assets

 

 

30,398

 

 

 

31,683

 

Notes payable

 

 

(10,521

)

 

 

(11,735

)

Other liabilities

 

 

(6,386

)

 

 

(7,473

)

Shareholders' equity

 

 

(31,627

)

 

 

(29,802

)

 

 

 

 

 

 

 

 

 

For the Nine Months Ended September 30,

 

 

2014

 

 

 

2013

 

Revenue

 

$

36,197

 

 

$

34,286

 

Depreciation

 

 

(863

)

 

 

(879

)

Operating expenses

 

 

(33,438

)

 

 

(31,385

)

Interest expense

 

 

(661

)

 

 

(787

)

Income from continuing operations

 

 

1,235

 

 

 

1,235

 

Income from discontinued operations

 

 

-

 

 

 

-

 

Net income

 

$

1,235

 

 

$

1,235

 

 

 

 

 

 

 

 

 

 

Company's proportionate share of earnings (1)

 

$

247

 

 

$

247

 

 

 

 

 

 

 

 

 

 

(1) Earnings represents continued and discontinued operations