Investment in 111 West 57th Partners LLC (Tables)

3 Months Ended

Mar. 31, 2014

Investment in 111 West 57th Partners LLC [Abstract]

Equity Method Investments

The following table presents summarized financial information for the Company's equity method investment in 111 West 57^th Partners.  The amounts shown represent 100% of the financial position and results of operations of 111 West 57^th Partners for the dates indicated below.

(in thousands)

Assets:	March 31, 2014		December 31, 2013
Real estate held for development, net	$	273,318	$	263,312
Escrow deposits		36,636		43,100
Other assets		15,987		18,062
Total assets	$	325,941	$	324,474
Liabilities:
Mortgage payable	$	230,000	$	230,000
Other liabilities		3,431		2,767
Total liabilities		233,431		232,767
Equity:
Total equity		92,510		91,707
Total liabilities and  equity	$	325,941	$	324,474

	Three Months Ended March 31, 2014
Rental income	$	273
Expenses		1,270
Net income (loss)	$	(997	)