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INVESTMENT IN UNCONSOLIDATED INVESTEES (Table)
 12 Months Ended
Dec. 31, 2015
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Investments accounted for via the equity method

Investments accounted for via the equity method consists of the following:

       Percentage ownership as of December 31,  
    2015     2014     2013  
                         
Gruppa Florentina, LLC(1)     20.00 %     20.00 %     20.00 %

  (1) Other investees.
Schedule of financial position and results of operations from our investees

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

 

    For the Twelve Months Ended December 31,  
    2015     2014     2013  
Other Investees                        
Real estate, net of accumulated depreciation   $ 13,899     $ 11,647     $ 10,823  
Notes receivable     8,457       7,326       6,526  
Other assets     30,834       30,291       32,131  
Notes payable     (10,883 )     (10,429 )     (11,022 )
Other liabilities     (7,967 )     (7,192 )     (8,134 )
Shareholders’ equity/partners capital     (34,340 )     (31,643 )     (30,324 )
                         
Revenue   $ 51,650     $ 48,893     $ 46,276  
Depreciation     (1,150 )     (1,151 )     (1,166 )
Operating expenses     (47,143 )     (45,590 )     (42,330 )
Interest expense     (805 )     (901 )     (1,022 )
Income (loss) from continuing operations   $ 2,552     $ 1,251     $ 1,758  
Income (loss) from discontinued operations     —       —       —  
Net income (loss)   $ 2,552     $ 1,251     $ 1,758  
                         
Company’s proportionate share of earnings (1)   $ 510     $ 250     $ 352  

 

  (1) Earnings represent continued and discontinued operations