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Investment in 111 West 57th Partners LLC (Tables)
 9 Months Ended
Sep. 30, 2015
Investment in 111 West 57th Partners LLC [Abstract]  
Initial investment and other information relating to the 111 West 57th Property
Amounts relating to the Company's initial investment and other information relating to the 111 West 57th Property is as follows:
 
($ in thousands)
  
Company's aggregate initial investment
 
$
57,250
 
Company's aggregate initial membership interest %
  
60.3
%
%
Other members and Sponsor initial investment
 
$
37,750
 
Approximate gross square feet of project
  
346,000
 
Information relating to financing for 111 West 57th Partners
Information relating to the June 30, 2015 financing for 111 West 57th Partners is as follows:
   
(in thousands)
  
Financing obtained by 111 West 57th Partners
 
$
725,000
 
Annaly CRE LLC initial mortgage and acquisition loan repaid
 
$
230,000
 
Information relating to the July 2015 Distribution
Information relating to the July 2015 Distribution is as follows:
   
(in thousands)
  
Distribution attributible to Company's investment
 
$
11,699
 
Distribution retained by the Company, net of amounts repaid to Capital LLC
 
$
1,831
 
Capital contributed by Capital LLC and fully repaid
Capital contributed by Capital LLC in December 2014 and April 2015, which was fully repaid as part of the July 2015 Distribution, was as follows:

(in thousands)
  
Capital contributed by Capital LLC
 
$
9,868
 
Capital contributions to the Joint Venture
The Company made additional capital contributions to the Joint Venture as indicated below:

(in housands)
 
Nine Months Ended September 30, 2015
 
Capital Contributions
 
$
6,911
 
Equity Method Investments
The following tables present summarized financial information for the Company's equity method investment in 111 West 57th Partners.  The amounts shown represent 100% of the financial position and results of operations of 111 West 57th Partners for the dates indicated below.

(in thousands)
Assets:
 
September 30, 2015
  
December 31, 2014
 
Real estate held for development, net
 
$
415,929
  
$
326,387
 
Escrow deposits
  
9,407
   
26,011
 
Other assets
  
28,790
   
16,370
 
Total assets
 
$
454,126
  
$
368,768
 
Liabilities:
        
Loans payable
 
$
312,539
  
$
230,000
 
Other liabilities
  
19,178
   
8,319
 
Total liabilities
  
331,717
   
238,319
 
Equity:
        
Total equity
  
122,409
   
130,449
 
Total liabilities and equity
 
$
454,126
  
$
368,768
 

  
Three Months Ended
September 30, 2015
  
Three Months Ended
September 30, 2014
  
Nine Months Ended
September 30, 2015
  
Nine Months Ended
September 30, 2014
 
         
Rental income
 
$
-
  
$
54
  
$
-
  
$
337
 
Expenses
  
1,316
   
1,061
   
2,206
   
3,621
 
Net income (loss)
 
$
(1,316
)
 
$
(1,007
)
 
$
(2,206
)
 
$
(3,284
)