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REAL ESTATE AND OTHER AFFILIATES (Tables)
 9 Months Ended
Sep. 30, 2014
REAL ESTATE AND OTHER AFFILIATES  
Schedule of information related to investments in real estate and other affiliates

 

 

 

Economic/ Legal Ownership

 

Carrying Value

 

Share of Earnings/Dividends

 

 

 

September 30,

 

December 31,

 

September 30,

 

December 31,

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

 

 

2014

 

2013

 

2014

 

2013

 

2014

 

2013

 

2014

 

2013

 

 

 

(In percentages)

 

(In thousands)

 

(In thousands)

 

Equity Method Investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Circle T Ranch and Power Center

 

50.00

%

50.00

%

$

9,005

 

$

9,004

 

$

—

 

$

—

 

$

—

 

$

—

 

HHMK Development (a)

 

50.00

%

50.00

%

110

 

13

 

386

 

290

 

869

 

443

 

KR Holdings (a)

 

50.00

%

50.00

%

41,171

 

19,764

 

5,066

 

2,716

 

14,801

 

7,907

 

Millennium Phase II (a) (b)

 

81.43

%

81.43

%

1,937

 

2,174

 

(243

)

(59

)

(378

)

(59

)

Parcel C (a)

 

50.00

%

50.00

%

7,638

 

5,801

 

—

 

—

 

—

 

—

 

Stewart Title

 

50.00

%

50.00

%

3,770

 

3,843

 

383

 

382

 

901

 

899

 

Summerlin Apartments, LLC (a)

 

50.00

%

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Summerlin Las Vegas Baseball Club, LLC (a)

 

50.00

%

50.00

%

10,835

 

10,636

 

22

 

220

 

198

 

220

 

Parcel D

 

50.00

%

50.00

%

4,362

 

3,461

 

—

 

—

 

—

 

—

 

Woodlands Sarofim

 

20.00

%

20.00

%

2,600

 

2,579

 

27

 

45

 

124

 

121

 

 

 

 

 

 

 

81,428

 

57,275

 

5,641

 

3,594

 

16,515

 

9,531

 

Cost basis investments

 

 

 

 

 

3,916

 

3,746

 

(132

)

—

 

1,649

 

2,503

 

Investment in Real Estate and Other Affiliates

 

 

 

 

 

$

85,344

 

$

61,021

 

$

5,509

 

$

3,594

 

$

18,164

 

$

12,034

 

 

 

(a)       Equity method variable interest entities.

(b)       Millennium Phase II was placed into service in the beginning of the third quarter of 2014 and moved from the Strategic Developments segment to the Operating Assets segment.