Investment in 111 West 57th Partners LLC (Tables)

6 Months Ended

Jun. 30, 2015

Investment in 111 West 57th Partners LLC [Abstract]

Equity Method Investments

The following tables present 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:	June 30, 2015		December 31, 2014
Real estate held for development, net	$	378,935	$	326,387
Escrow deposits		9,407		26,011
Other assets		49,383		16,370
Total assets	$	437,725	$	368,768
Liabilities:
Loans payable	$	278,226	$	230,000
Other liabilities		12,072		8,319
Total liabilities		290,298		238,319
Equity:
Total equity		147,427		130,449
Total liabilities and equity	$	437,725	$	368,768

	Three Months Ended June 30, 2015			June 30, 2014			Six Months Ended June 30, 2015			Six Months Ended June 30, 2014
Rental income	$	-		$	10		$	-		$	283
Expenses		473			1,290			890			2,560
Net income (loss)	$	(473	)	$	(1,280	)	$	(890	)	$	(2,277	)

Equity Method Investments, Additional Capital Contribution [Table Text Block]

The Company made additional capital contributions to the Joint Venture as indicated below:

(in housands)	Six Months Ended June 30, 2015
Capital Contributions	$	6,911