Equity-Method Investment And Other Assets (Tables)

9 Months Ended

Sep. 30, 2013

Investment In Unconsolidated Entity And Other Assets [Abstract]

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]

Our equity-method investment in OpCo and other assets consist of the following (in thousands):

	September 30, 2013		December 31, 2012
Equity-method investment in OpCo	$	9,439	$	8,353
Loan costs and prepaid expenses, net	2,981		1,837
Accounts receivable and other assets	1,429		1,816
Replacement reserve and tax escrows - Fannie Mae	553		—
Escrow deposit for real estate purchase	—		166
	$	14,402	$	12,172

Equity Method Investments Financial Information [Table Text Block]

Summary financial information for OpCo, for which our pro rata share of the equity in its net income is presented in our Condensed Consolidated Statement of Income, is presented below (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2013		2012		2013		2012
Revenues	$	14,836	$	—	$	27,156	$	—
Operating expenses, including management fees	9,400		—		17,394		—
Lease expenses	5,138		—		9,312		—
Depreciation and amortization	88		—		133		—
Net Income	$	210	$	—	$	317	$	—