Investments in Real Estate Ventures (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of Equity Method Investments [Line Items]

Schedule of Equity Method Investments [Table Text Block]

The following table summarizes the discussion above relative to LIC I and LIC II at March 31, 2014 ($ in millions):

	LIC I			LIC II
Our effective ownership interest in co-investment vehicle	47.85		%	48.78		%
Our maximum potential unfunded commitments	$	5.1		$	118.2
Our share of unfunded capital commitments to underlying funds	0.4			90.2
Our maximum exposure assuming facilities are fully drawn	N/A			14.6
Our share of exposure on outstanding borrowings	N/A			6.5

Investments in real estate ventures

The following table shows the movements in our investments in real estate ventures that are accounted for under the fair value accounting method ($ in thousands):

	2014			2013
Balances as of January 1,	$	78,941		63,579
Investments	757			71
Distributions	(2		)	(1,458	)
Net fair value gain	1,153			425
Foreign currency translation adjustments, net	(154		)	207
Balances as of March 31,	$	80,695		62,824

Consolidated Variable Interest Entities [Member]

Schedule of Equity Method Investments [Line Items]

Balance Sheet Amounts Consolidated for Variable Interest Entity [Table Text Block]

Summarized balance sheets for our consolidated VIEs as of March 31, 2014 and December 31, 2013 are as follows ($ in thousands):

	March 31, 2014		December 31, 2013
Property and equipment, net	$	31,999	14,389
Other assets	1,663		1,594
Total assets	$	33,662	15,983
Mortgage loans payable, included in other long-term liabilities	$	24,919	10,647
Other liabilities	3,404		—
Total liabilities	28,323		10,647
Members' equity	5,339		5,336
Total liabilities and members' equity	$	33,662	15,983

Comprehensive Income Amounts Consolidated for Variable Interest Entity [Table Text Block]

Summarized statements of operations for our consolidated VIEs for the three months ended March 31, 2014 and 2013 are as follows ($ in thousands):

	Three Months Ended			Three Months Ended
	March 31, 2014			March 31, 2013
Revenue	$	503		287
Operating and other expenses	(418		)	(60	)
Net income	$	85		227