New Valley LLC (Tables)

9 Months Ended

Sep. 30, 2012

The components of “Investments in non-consolidated real estate businesses” were as follows:



	September 30, 2012		December 31, 2011
Douglas Elliman Realty LLC	$	62,351	$	53,970
New Valley Oaktree Chelsea Eleven LLC	—		6,320
Fifty Third-Five Building LLC	18,000		18,000
Sesto Holdings S.r.l.	5,037		5,037
1107 Broadway	5,489		5,489
Lofts 21 LLC	900		900
Hotel Taiwana	2,658		2,658
NV SOCAL LLC	—		25,095
HFZ East 68th Street	7,000		7,000
11 Beach Street Investor LLC	9,642		—
NV Maryland LLC	5,000		—
NV 701 Seventh Avenue LLC	7,800		—
Investments in non-consolidated real estate businesses	$	123,877	$	124,469

The summarized financial information of Douglas Elliman Realty, LLC is as follows:



	September 30, 2012		December 31, 2011
Cash	$	73,969	$	57,450
Other current assets	4,739		3,293
Property, plant and equipment, net	15,614		14,595
Trademarks	21,663		21,663
Goodwill	38,517		38,742
Other intangible assets, net	959		827
Other non-current assets	3,601		3,096
Notes payable - current	417		602
Other current liabilities	19,304		18,734
Notes payable - long term	462		1,104
Other long-term liabilities	9,680		9,490
Members' equity	129,199		109,736

The summarized income statement information of the joint venture is as follows:



	Three Months Ended		Nine Months Ended
	September 30,		September 30,
	2012		2012
Interest and dividend income	$	23,143	$	25,122
Costs and expenses	78		422
Interest expense, net	5,065		7,794
Income tax expense	—		6
Net income	$	18,000	$	16,900

The components of the Company's investment in Escena are as follows:



	September 30, 2012			December 31, 2011
Land and land improvements	$	11,272		$	11,245
Building and building improvements	1,525			1,525
Other	1,325			1,208
	14,122			13,978
Less accumulated depreciation	(948		)	(698		)
	$	13,174		$	13,280