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Investments in and Advances to Other Real Estate Partnerships (Tables)
 6 Months Ended
Jun. 30, 2014
Investment in and Advances to Other Real Estate Partnerships [Abstract]  
Condensed Balance Sheet
Condensed Combined Balance Sheets: 
 
June 30, 2014
 
December 31, 2013
ASSETS
 
 
 
Assets:
 
 
 
Net Investment in Real Estate
$
270,901

 
$
276,294

Note Receivable
17,023

 
119,364

Other Assets, Net
31,131

 
33,234

Total Assets
$
319,055

 
$
428,892

LIABILITIES AND PARTNERS’ CAPITAL
 
 
 
Liabilities:
 
 
 
Mortgage Loans Payable
$
92,081

 
$
97,675

Other Liabilities, Net
14,479

 
13,795

Partners’ Capital
212,495

 
317,422

Total Liabilities and Partners’ Capital
$
319,055

 
$
428,892

Operating Partnership’s Share of Equity
$
211,580

 
$
316,188

Basis Differential (1)
(17,272
)
 
(119,865
)
Carrying Value of the Operating Partnership’s Investments in Other Real Estate Partnerships
$
194,308

 
$
196,323

_____________________ 
(1)
This amount represents the aggregate difference between the Operating Partnership’s historical cost basis and the basis reflected at the Other Real Estate Partnerships’ level. The basis differential relates to the elimination of a note receivable and related accrued interest between a Other Real Estate Partnership and wholly owned subsidiaries of the Operating Partnership.
Condensed Income Statement
Condensed Combined Statements of Operations: 
 
Three Months Ended June 30, 2014
 
Three Months Ended June 30, 2013
 
Six Months Ended June 30, 2014
 
Six Months Ended June 30, 2013
Total Revenues
$
10,118

 
$
9,666

 
$
20,571

 
$
19,161

Property Expenses
(3,062
)
 
(2,936
)
 
(6,496
)
 
(5,975
)
Depreciation and Other Amortization
(3,087
)
 
(2,976
)
 
(5,867
)
 
(5,945
)
Interest Income
447

 
1,253

 
1,062

 
2,572

Interest Expense
(1,304
)
 
(1,147
)
 
(2,626
)
 
(2,462
)
Amortization of Deferred Financing Costs
(43
)
 
(45
)
 
(88
)
 
(97
)
Loss from Retirement of Debt
(130
)
 
(214
)
 
(130
)
 
(214
)
Income from Continuing Operations
2,939

 
3,601

 
6,426

 
7,040

Discontinued Operations:
 
 
 
 
 
 
 
Income (Loss) Attributable to Discontinued Operations
22

 
54

 
(25
)
 
141

Gain on Sale of Real Estate
38

 
—

 
341

 
—

Income from Discontinued Operations
60

 
54

 
316

 
141

Net Income
$
2,999

 
$
3,655

 
$
6,742

 
$
7,181