Real Estate Partnerships (Tables)

12 Months Ended

Dec. 31, 2014

Equity Method Investments and Joint Ventures [Abstract]

Summarized operating results and the financial position of Partnership

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

	Year Ended December 31,
	2014		2013		2012
	(In thousands)
OPERATING RESULTS
Revenue	$	18,329	$	19,209	$	19,051
Expenses
Other operating expenses	5,948		5,999		5,234
Depreciation and amortization	5,678		5,506		5,508
Interest expense	2,759		3,363		3,376
Total expenses	14,385		14,868		14,118
Net income before gain on sale of real estate	3,944		4,341		4,933
Gain on sale of real estate	14,507		—		—
Net income	$	18,451	$	4,341	$	4,933
Our share of net income from real estate partnership before gain on sale of real estate	$	1,423	$	1,498	$	1,815
Our share of gain on sale of real estate	$	4,401	$	—	$	—

	December 31,
	2014		2013
	(In thousands)
BALANCE SHEETS
Real estate, net	$	149,203	$	170,867
Cash	2,864		2,210
Other assets	5,346		5,668
Total assets	$	157,413	$	178,745
Mortgages payable	$	34,385	$	56,922
Other liabilities	3,673		4,100
Partners’ capital	119,355		117,723
Total liabilities and partners’ capital	$	157,413	$	178,745
Our share of unconsolidated debt	$	10,316	$	17,077
Our investment in real estate partnership	$	32,367	$	32,264