XML 24 R27.htm IDEA: XBRL DOCUMENT v2.4.0.8
Real Estate Joint Ventures (Tables)
9 Months Ended
Sep. 30, 2013
Real Estate Joint Ventures [Abstract]  
Summarized Balance Sheets for Unconsolidated Investments
Summarized financial information for the unconsolidated investments on a combined basis is as follows: 
 
September 30,
2013
 
December 31,
2012
BALANCE SHEETS:
 
 
 
Investment in real estate
$
12,407

 
$
12,381

Cash and cash equivalents
17,491

 
18,523

Other assets
145

 
130

Total assets
$
30,043

 
$
31,034

 
 
 
 
Accounts payable and other liabilities
$
1,080

 
$
761

Equity(1)
28,963

 
30,273

Total liabilities and equity
$
30,043

 
$
31,034

 
(1) The majority of the equity in unconsolidated investments relates to ALP Liquidating Trust (the "Trust"). In 2008, the Company wrote-off its investment in the Trust as a result of the Trust reserving its assets to satisfy potential claims and obligations in accordance with its publicly reported liquidation basis of accounting. Subsequently, the Trust changed its method of accounting to a going concern basis and reinstated its equity and stated it would report certain expenses as they are incurred. The Company has not recorded any additional equity income as a result of the Trust’s change in accounting.
Summarized Statements of Operations for Unconsolidated Investments
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2013
 
2012
 
2013
 
2012
STATEMENTS OF OPERATIONS:
 
 
 
 
 
 
 
Total expenses
$
388

 
$
372

 
$
1,170

 
$
846

Net loss
$
388

 
$
372

 
$
1,170

 
$
846