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Variable Interest Entities (Tables)
3 Months Ended
Mar. 31, 2014
Aggregate Carrying Amount and Major Classifications of Consolidated Assets

The aggregate carrying amount and major classifications of the consolidated assets that can be used to settle obligations of the VIEs and liabilities of the consolidated VIEs that are non-recourse to the Company as of March 31, 2014 and December 31, 2013 are as follows (in thousands):

 

     March 31,
2014
     December 31,
2013
 

Assets:

     

Real estate investment properties, net

   $ 70,198       $ 72,053   
  

 

 

    

 

 

 

Real estate under development, including land

   $ 26,387       $ 16,210   
  

 

 

    

 

 

 

Intangibles, net

   $ 4,330       $ 4,535   
  

 

 

    

 

 

 

Cash

   $ 564       $ 727   
  

 

 

    

 

 

 

Loan costs, net

   $ 1,167       $ 912   
  

 

 

    

 

 

 

Other

   $ 802       $ 382   
  

 

 

    

 

 

 

Liabilities:

     

Mortgages and other notes payable

   $ 59,179       $ 52,596   
  

 

 

    

 

 

 

Accounts payable and accrued expenses

   $ 215       $ 309   
  

 

 

    

 

 

 

Accrued development costs

   $ 3,149       $ 7,047   
  

 

 

    

 

 

 

Other liabilities

   $ 1,173       $ 939   
  

 

 

    

 

 

 

Due to related parties

   $ 120       $ 112