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INVESTMENT IN UNCONSOLIDATED SUBSIDIARIES AND INVESTEES (Tables)
 6 Months Ended
Jun. 30, 2012
INVESTMENT IN UNCONSOLIDATED SUBSIDIARIES AND INVESTEES (Tables)  
INVESTMENTS ACCOUNTED

 

Investee

 

Percent ownership

 

 

 

 

 

 

2012

 

 

2011

 

 

 

 

TCI Eton Square, L.P. ("Eton Square")

 

 

10.00

%

 

 

10.00

%

 

 

 

 
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 Six Months Ended June 30,

 

 

 

2012

 

 

2011

 

Real estate, net of accumulated depreciation

 

$

12,761

 

 

$

13,142

 

Other assets

 

 

660

 

 

 

347

 

Notes payable

 

 

(9,363

)

 

 

(9,363

)

Other liabilities

 

 

(3,916

)

 

 

(3,733

)

Shareholders equity/partners capital

 

$

(142

)

 

$

(393

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

677

 

 

$

463

 

Depreciation

 

 

(233

)

 

 

(235

)

Operating expenses

 

 

(422

)

 

 

(420

)

Interest expense

 

 

(246

)

 

 

(300

)

Loss from continuing operations

 

 

(224

)

 

 

(492

)

Income from discontinued operations

 

 

-

 

 

 

-

 

Net loss

 

$

(224

)

 

$

(492

)

 

 

 

 

 

 

 

 

 

Company's proportionate share of earnings

 

$

(22

)

 

$

(49

)