LONG-TERM INVESTMENTS

Long-term investments consisted of the following:



	June 30, 2015		December 31, 2014
Investment partnerships	$	36,540	$	31,541
Real estate partnership	551		698
Long-term investments at cost	37,091		32,239

Investment partnership accounted for under the equity method	9,128		8,053
	$	46,219	$	40,292

Long-term investments consisted of the following investments accounted for at cost:



	June 30, 2015				December 31, 2014
	Carrying		Fair		Carrying		Fair
	Value		Value		Value		Value
Investment partnerships	$	36,540	$	46,093	$	31,541	$	38,039
Real estate partnership	551		762		698		1,108
	$	37,091	$	46,855	$	32,239	$	39,147

Long-term investment partnership accounted for under the equity method:



	June 30, 2015		December 31, 2014
Investment partnership	$	9,128	$	8,053

The Company recorded equity losses of $1,657 and $273 for the three months ended June 30, 2015 and June 30, 2014, respectively. The Company recorded an equity loss of $1,694 and equity income of $633 for the six months ended June 30, 2015 and June 30, 2014, respectively. The carrying value of the investment partnership was approximately $9,128 and $8,053 as of June 30, 2015 and December 31, 2014, respectively, which approximated the investment's fair value.