Summarized Operating Results And Financial Position Of Partnership |
The following tables provide summarized operating results and the financial position of the Partnership: | | | | | | | | | | | | | | Year Ended December 31, | | 2013 | | 2012 | | 2011 | | (In thousands) | OPERATING RESULTS | | | | | | Revenue | $ | 19,209 |
| | $ | 19,051 |
| | $ | 19,289 |
| Expenses | | | | | | Other operating expenses | 5,999 |
| | 5,234 |
| | 5,593 |
| Depreciation and amortization | 5,506 |
| | 5,508 |
| | 5,179 |
| Interest expense | 3,363 |
| | 3,376 |
| | 3,388 |
| Total expenses | 14,868 |
| | 14,118 |
| | 14,160 |
| Net income | $ | 4,341 |
| | $ | 4,933 |
| | $ | 5,129 |
| Our share of net income from real estate partnership | $ | 1,498 |
| | $ | 1,815 |
| | $ | 1,771 |
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| | | | | | | | | | December 31, | | 2013 | | 2012 | | (In thousands) | BALANCE SHEETS | | | | Real estate, net | $ | 170,867 |
| | $ | 174,509 |
| Cash | 2,210 |
| | 2,735 |
| Other assets | 5,668 |
| | 5,536 |
| Total assets | $ | 178,745 |
| | $ | 182,780 |
| Mortgages payable | $ | 56,922 |
| | $ | 57,155 |
| Other liabilities | 4,100 |
| | 4,771 |
| Partners’ capital | 117,723 |
| | 120,854 |
| Total liabilities and partners’ capital | $ | 178,745 |
| | $ | 182,780 |
| Our share of unconsolidated debt | $ | 17,077 |
| | $ | 17,147 |
| Our investment in real estate partnership | $ | 32,264 |
| | $ | 33,169 |
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