Net Assets in Liquidation (Tables)

12 Months Ended

Dec. 31, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Reconciliation of Shareholder's Equity under Going Concern Basis of Accounting to Net Assets in Liquidation under Liquidation Basis of Accounting

The following is a reconciliation of Shareholder’s Equity under the going concern basis of accounting to net assets in liquidation under the liquidation basis of accounting as of August 1, 2014 (in thousands):

Shareholder’s Equity as of July 31, 2014	$	476,454
Increase due to estimated net realizable value of investments in real estate		220,338
Increase due to estimated net realizable value of equity investments		182,472
Increase due to estimated net realizable value of loans receivable		6,071
Secured financing		(1,699	)
Loan securities		692
Deconsolidation of properties		10,178
Decrease due to write-off of assets and liabilities		(44,691	)
Increase in non-controlling interest		(35,675	)
Liability for estimated costs in excess of estimated reciepts during liquidation		(27,225	)
Adjustment to reflect the change to the liquidation basis of accounting		310,461
Estimated value of net assets in liquidation as of August 1, 2014	$	786,915