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INVESTMENT IN UNCONSOLIDATED SUBSIDIARIES AND INVESTEES (Tables)
 12 Months Ended
Dec. 31, 2013
INVESTMENT IN UNCONSOLIDATED SUBSIDIARIES AND INVESTEES (Tables)  
INVESTMENTS ACCOUNTED

undistributed earnings or losses, via the equity method of accounting.

 

 

 

Percent ownership

 

Investee

 

2013

 

 

2012

 

 

2011

 

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

 

 

0

%

 

 

10

%

 

 

10

%
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):

 

 

 

 

2013(1)

 

 

 

2012

 

 

 

2011

 

Real Estate, net of accumulated depreciation

 

$

-

 

 

$

9,660

 

 

$

12,976

 

Other assets

 

 

-

 

 

 

641

 

 

 

533

 

Notes payable

 

 

-

 

 

 

(9,647

)

 

 

(9,363

)

Other liabilities

 

 

(7,470

)

 

 

(3,972

)

 

 

(3,779

)

Shareholders' equity/partners' capital

 

$

7,470

 

 

$

3,318

 

 

$

(367

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rents

 

$

224

 

 

$

1,117

 

 

$

1,385

 

Depreciation and amortization

 

 

(140

)

 

 

(877

)

 

 

(462

)

Property operating expenses

 

 

(224

)

 

 

(819

)

 

 

(828

)

General and administrative

 

 

(5

)

 

 

(24

)

 

 

(15

)

Mortgage and loan interest

 

 

(155

)

 

 

(682

)

 

 

(599

)

Provision for losses

 

 

-

 

 

 

(2,400

)

 

 

-

 

Loss from continuing operations

 

 

(300

)

 

 

(3,685

)

 

 

(519

)

Income from discontinued operations

 

 

-

 

 

 

-

 

 

 

-

 

Net loss

 

$

(300

)

 

$

(3,685

)

 

$

(519

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Company's proportionate share of losses(2)

 

$

-

 

 

$

(37

)

 

$

(52

)