Real Estate Partnership (Tables)

6 Months Ended

Jun. 30, 2014

Equity Method Investments and Joint Ventures [Abstract]

Summarized Operating Results And Financial Position Of Partnership

The following tables provide summarized operating results and the financial position of the Partnership:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2014		2013		2014		2013
	(In thousands)
OPERATING RESULTS
Revenue	$	4,469	$	4,624	$	9,487	$	9,573
Expenses
Other operating expenses	1,390		1,318		3,500		3,135
Depreciation and amortization	1,590		1,361		3,077		2,730
Interest expense	781		841		1,620		1,683
Total expenses	3,761		3,520		8,197		7,548
Net income	$	708	$	1,104	$	1,290	$	2,025
Our share of net income from real estate partnership	$	250	$	372	$	463	$	684

	June 30,		December 31,
	2014		2013
	(In thousands)
BALANCE SHEETS
Real estate, net	$	169,193	$	170,867
Cash	3,046		2,210
Other assets	5,170		5,668
Total assets	$	177,409	$	178,745
Mortgages payable	$	44,885	$	56,922
Other liabilities	3,937		4,100
Partners’ capital	128,587		117,723
Total liabilities and partners’ capital	$	177,409	$	178,745
Our share of unconsolidated debt	$	13,466	$	17,077
Our investment in real estate partnership	$	35,511	$	32,264