Real Estate (Tables)

3 Months Ended

Mar. 31, 2016

Real Estate [Abstract]

schedule of assets in joint venture

As of March 31, 2016 and December 31, 2015, The Maxwell's assets were as follows (in thousands):

	March 31, 2016			December 31, 2015
Land	$	12,851		$	12,851
Income producing property	37,937			37,791
Accumulated depreciation and amortization	(2,902		)	(2,347		)
Other assets	828			1,188
	$	48,714		$	49,483

Schedule of Accounts Payable and Accrued Liabilities of Joint Ventures

As of March 31, 2016 and December 31, 2015, The Maxwell's liabilities were as follows (in thousands):

	March 31, 2016			December 31, 2015
Mortgage notes payable	$	32,215	(1)	$	32,214
Accounts payable and other liabilities	324			256
Tenant security deposits	83			82
	$	32,622		$	32,552

Schedule of Dispositions

We sold the following properties in 2015:

Disposition Date	Property Name	Segment	# of units	Rentable Square Feet	Contract Sales  Price (in thousands)		Gain on Sale (in thousands)
March 20, 2015	Country Club Towers	Multifamily	227	N/A	$	37,800	$	30,277
September 9, 2015	1225 First Street (1)	Multifamily	N/A	N/A	14,500		—
October 21, 2015	Munson Hill Towers	Multifamily	279	N/A	57,050		51,395
December 14, 2015	Montgomery Village Center	Retail	N/A	197,000	27,750		7,981
		Total 2015	506	197,000	$	137,100	$	89,653

⁽¹⁾  Interest in land held for future development.