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Real Estate Partnerships (Tables)
9 Months Ended
Sep. 30, 2011
Equity Method Investments and Joint Ventures [Abstract] 
Summarized Operating Results And Financial Position Of Partnership
 
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2011
 
2010
 
2011
 
2010
 
(In thousands)
OPERATING RESULTS
 
 
 
 
 
 
 
Revenue
$
4,743

 
$
4,510

 
$
14,387

 
$
13,688

Expenses
 
 
 
 
 
 
 
Other operating expenses
1,276

 
1,322

 
4,260

 
4,664

Depreciation and amortization
1,296

 
1,259

 
3,864

 
3,771

Interest expense
846

 
849

 
2,542

 
2,551

Total expenses
3,418

 
3,430

 
10,666

 
10,986

Net income
$
1,325

 
$
1,080

 
$
3,721

 
$
2,702

Our share of net income from real estate partnership
$
452

 
$
355

 
$
1,253

 
$
901


 
September 30,
2011
 
December 31,
2010
 
(In thousands)
BALANCE SHEETS
 
 
 
Real estate, net
$
178,585

 
$
181,565

Cash
4,678

 
3,054

Other assets
6,268

 
7,336

Total assets
$
189,531

 
$
191,955

Mortgages payable
$
57,429

 
$
57,584

Other liabilities
4,825

 
5,439

Partners’ capital
127,277

 
128,932

Total liabilities and partners’ capital
$
189,531

 
$
191,955

Our share of unconsolidated debt
$
17,229

 
$
17,275

Our investment in real estate partnership
$
35,028

 
$
35,504