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ACQUISITION AND DISPOSITION OF REAL ESTATE AND DISCONTINUED OPERATIONS Discontinued Operations Results of Operations (Details) (USD $)
3 Months Ended 9 Months Ended 1 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Dec. 31, 2012
May 31, 2013
Fund II
Pelham Manor [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]            
Proceeds from sale of real estate           $ 11,900,000
ASSETS            
Net real estate 187,954,000   187,954,000   197,669,000  
Cash in escrow 3,450,000   3,450,000   3,088,000  
Rents receivable, net 11,909,000   11,909,000   12,257,000  
Deferred charges, net of amortization 8,435,000   8,435,000   9,046,000  
Acquired lease intangibles, net 3,196,000   3,196,000   3,399,000  
Prepaid expenses and other assets, net 1,559,000   1,559,000   1,205,000  
Total assets of discontinued operations 216,503,000   216,503,000   226,664,000  
LIABILITIES            
Mortgage notes payable 121,426,000   121,426,000   133,213,000  
Accounts payable and accrued expenses 3,088,000   3,088,000   4,997,000  
Other liabilities 7,517,000   7,517,000   7,861,000  
Total liabilities of discontinued operations 132,031,000   132,031,000   146,071,000  
STATEMENTS OF OPERATIONS            
Total revenues 6,439,000 15,466,000 20,176,000 44,623,000    
Total expenses 3,604,000 13,307,000 14,076,000 35,593,000    
Operating income 2,835,000 2,159,000 6,100,000 9,030,000    
Gain on sale of property 0 5,917,000 4,191,000 8,585,000   4,200,000
Income from discontinued operations 2,835,000 8,076,000 10,291,000 17,615,000    
Income from discontinued operations attributable to noncontrolling interests (2,208,000) (6,297,000) (8,459,000) (13,998,000)    
Income from discontinued operations attributable to Common Shareholders $ 627,000 $ 1,779,000 $ 1,832,000 $ 3,617,000