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INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES AND INVESTEES | 12 Months Ended
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Dec. 31, 2015
Investments, All Other Investments [Abstract] |
INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES AND INVESTEES | NOTE 4. INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES AND INVESTEES 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.
|  | Percent ownership
Investee |  | 2015 |  |  | 2014 |  |  |  | 2013 |
TCI Eton Square, L.P. (“Eton Square”) |  |  | 0 | % |  |  | 0 | % |  |  | 0 | %
Our interest in Eton Square, LP was 0% as of December 31, 2015, 2014 and 2013. We accounted for this interest under the equity method because the general partner was a related party and exercised significant influence over the operations and financial activities. Accordingly, the investment was carried at cost, and adjusted for the Companies’ proportionate share of earnings or losses. Due to the losses accounted for under the equity method, our investment is now at zero. As of April 8, 2013, the underlying asset owned by this entity was transferred to the existing lender in a settlement agreement and IOT no longer recorded this entity as an investment on its books. IOT recorded no gain or loss on the transfer. The market values as of the years ended December 31, 2015, 2014 and 2013 were zero, due to the transfer. The following is a summary of the financial position and results of operations from our investees (dollars in thousands):
|  |  | 2015 |  |  |  | 2014 |  |  |  | 2013(1) |
Real Estate, net of accumulated depreciation |  | $ | — |  |  | $ | — |  |  | $ | — |
Other liabilities |  |  | (7,470 | ) |  |  | (7,470 | ) |  |  | (7,470 | )
Shareholders’ equity/partners’ capital |  | $ | 7,470 |  |  | $ | 7,470 |  |  | $ | 7,470 |
Rents |  | $ | — |  |  | $ | — |  |  | $ | 224 |
Depreciation and amortization |  |  | — |  |  |  | — |  |  |  | (140 | )
Property operating expenses |  |  | — |  |  |  | — |  |  |  | (224 | )
General and administrative |  |  | — |  |  |  | — |  |  |  | (5 | )
Mortgage and loan interest |  |  | — |  |  |  | — |  |  |  | (155 | )
Loss from continuing operations |  |  | — |  |  |  | — |  |  |  | (300 | )
Income from discontinued operations |  |  | — |  |  |  | — |  |  |  | — |
Net loss |  | $ | — |  |  | $ | — |  |  | $ | (300 | )
Company’s proportionate share of losses (2) |  | $ | — |  |  | $ | — |  |  | $ | (37 | )
(1) Financial results are represented through April 2013, the date of the asset transfer to the existing lender. (2) Losses are recorded to the extent of the carrying value of the partner’s capital contribution.

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- Definition The entire disclosure for investments accounted for under the cost-method. The carrying amount of such investments may be adjusted, for example, distributions in excess of cost (return of capital) or for other-than-temporary impairments. The cost method and lower-of-cost or market, an adaptation of the cost method, is generally followed for most investments in noncontrolled corporations, in some corporate joint ventures, and to a lesser extent in unconsolidated subsidiaries in which the entity does not have the ability to exercise significant influence. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 325 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6872867&loc=d3e40691-111596 + Details
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- References No definition available. + Details
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