Real Estate Joint Ventures (Tables)

6 Months Ended

Jun. 30, 2014

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:

	June 30, 2014		December 31, 2013
BALANCE SHEETS:
Investment in real estate	$	12,206	$	12,124
Cash and cash equivalents	16,429		16,897
Other assets	73		72
Total assets	$	28,708	$	29,093
Accounts payable and other liabilities	$	481	$	159
Equity(1)	28,227		28,934
Total liabilities and equity	$	28,708	$	29,093

(1) The majority of the equity in unconsolidated investments relates to ALP. In 2008, the Company wrote-off its investment in ALP as a result of ALP reserving its assets to satisfy potential claims and obligations in accordance with its publicly reported liquidation basis of accounting. Subsequently, ALP 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 ALP’s change in accounting.

Summarized Statements of Operations for Unconsolidated Investments

	Three Months Ended   June 30,				Six Months Ended   June 30,
	2014		2013		2014		2013
STATEMENTS OF OPERATIONS:
Total expenses, net	$	654	$	451	$	1,053	$	783
Net loss	$	654	$	451	$	1,053	$	783