Investments in and Advances to Other Real Estate Partnerships (Tables)

6 Months Ended

Jun. 30, 2012

Investments in and Advances to Other Real Estate Partnerships [Abstract]

Condensed Combined Balance Sheets

	June 30, 2012		December 31, 2011
ASSETS
Assets:
Net Investment in Real Estate	$	262,589	$	249,984
Real Estate and Other Assets Held for Sale, Net of Accumulated Depreciation and Amortization of $389 and $4,970		1,093		12,804
Note Receivable		145,362		131,908
Other Assets, Net		38,987		41,605
Total Assets	$	448,031	$	436,301
LIABILITIES AND PARTNERS’ CAPITAL
Liabilities:
Mortgage Loans Payable	$	105,127	$	105,968
Other Liabilities, Net		7,753		8,577
Partners’ Capital		335,151		321,756
Total Liabilities and Partners’ Capital	$	448,031	$	436,301

Condensed Combined Statements of Operations

	Three Months Ended June 30, 2012			Three Months Ended June 30, 2011			Six Months Ended June 30, 2012			Six Months Ended June 30, 2011
Total Revenues	$	10,258		$	10,005		$	20,294		$	20,285
Property Expenses		(2,913	)		(2,915	)		(5,910	)		(6,119	)
Impairment of Real Estate		—			—			172			881
Depreciation and Other Amortization		(3,350	)		(2,972	)		(7,635	)		(6,011	)
Interest Income		2,243			3,111			4,386			6,688
Interest Expense		(1,477	)		(1,212	)		(2,961	)		(2,152	)
Amortization of Deferred Financing Costs		(51	)		(43	)		(103	)		(77	)
Loss from Retirement of Debt		—			—			—			(160	)
Income from Continuing Operations		4,710			5,974			8,243			13,335
Discontinued Operations:
Income (Loss) Attributable to Discontinued Operations		65			25			(199	)		73
(Loss) Gain on Sale of Real Estate		(29	)		—			(29	)		1,062
Income (Loss) from Discontinued Operations		36			25			(228	)		1,135
Net Income	$	4,746		$	5,999		$	8,015		$	14,470