XML 48 R21.htm IDEA: XBRL DOCUMENT

INVESTMENT IN UNCONSOLIDATED SUBSIDIARIES AND INVESTEES (Tables)

3 Months Ended

Mar. 31, 2014

INVESTMENT IN UNCONSOLIDATED SUBSIDIARIES AND INVESTEES (Tables)

INVESTMENTS ACCOUNTED

Investments in unconsolidated subsidiaries, jointly owned companies and other investees in which we have a 20% to 50% interest or otherwise exercise significant influence are carried at cost, adjusted for the Company’s proportionate share of their undistributed earnings or losses, via the equity method of accounting.

Investee		Percent ownership
		2014				2013
TCI Eton Square, L.P. ("Eton Square")			0%				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):

As of March 31,		2014				2013
Real estate, net of accumulated depreciation		$	-			$	9,547
Other assets			-				658
Notes payable			-				(9,689	)
Other liabilities			-				(4,005	)
Shareholders' equity/partners' capital			-				3,489

For the Three Months Ended March 31,			2014				2013
Rental and other property revenues		$	-			$	289
Depreciation and amortization			-				(120	)
Property operating expenses			-				(184	)
Mortgage and loan interest			-				(155	)
Loss from continuing operations			-				(170	)
Income from discontinued operations			-				-
Net loss		$	-			$	(170	)

Company's proportionate share of losses		$	-			$	-