XML 75 R32.htm IDEA: XBRL DOCUMENT v2.4.0.6
Investments In Unconsolidated Real Estate Entities (Tables)
 12 Months Ended 9 Months Ended
Dec. 31, 2011
Sep. 24, 2010
Mixed-Use LP [Member]
Real Estate Properties [Line Items]    
Schedule Of Operations - Apartment LLCs
     December 31,  

Apartment LLCs - Balance Sheet Data                                                                 

              2011                          2010             

Real estate assets, net of accumulated depreciation of $32,780 and $26,987 at December 31, 2011 and 2010, respectively

    $       217,443      $       221,343   

Assets held for sale, net

      28,846        29,308   

Cash and other

      6,526        6,518   
  

 

 

    

 

 

  

Total assets

    $ 252,815      $ 257,169   
  

 

 

    

 

 

  

Mortgage notes payable

    $ 206,495      $ 206,495   

Other liabilities

      2,737        2,460   
  

 

 

    

 

 

  

Total liabilities

      209,232        208,955   

Members' equity

      43,583        48,214   
  

 

 

    

 

 

  

Total liabilities and members' equity

    $ 252,815      $ 257,169   
  

 

 

    

 

 

  

Company's equity investment in Apartment LLCs (1)

    $ (8,601 )    $ (7,713 ) 
  

 

 

    

 

 

  

 

(1)

At December 31, 2011 and 2010, the Company's equity investment includes its credit investments of $15,945 and $15,384, respectively, discussed above.

 
Schedule Of Operation - Mixed-Use LP
     Year ended December 31,  

Apartment LLCs - Income Statement Data                                                   

            2011                     2010                     2009          

Revenues

       

Rental

    $       23,504      $       22,444      $       22,436   

Other property revenues

      1,823        1,718        1,686   
  

 

 

    

 

 

    

 

 

  

Total revenues

      25,327        24,162        24,122   
  

 

 

    

 

 

    

 

 

  

Expenses

       

Property operating and maintenance

      9,896        9,945        9,827   

Depreciation and amortization

      5,934        5,836        5,722   

Interest

      10,247        10,247        10,247   
  

 

 

    

 

 

    

 

 

  

Total expenses

      26,077        26,028        25,796   
  

 

 

    

 

 

    

 

 

  

Net loss from continuing operations

      (750 )      (1,866 )      (1,674 ) 

Loss from discontinued operations

      (151 )      (254 )      (333 ) 
  

 

 

    

 

 

    

 

 

  

Net loss

    $ (901 )    $ (2,120 )    $ (2,007 ) 
  

 

 

    

 

 

    

 

 

  

Company's share of net income in Apartment LLCs

    $ 1,001      $ 635      $ 532   
  

 

 

    

 

 

    

 

 

  
     Period ended
September 24,
        2010        		      Year ended
December 31,
        2009        		  

Mixed-Use LP - Income Statement Data

      

Rental and other revenues

    $ 90       $ -   
  

 

 

     

 

 

  

Expenses

      

Property operating and maintenance

      402         653   

Depreciation and amortization

      1,071         -   

Interest

      175         -   

Impairment charges

      -         71,679   
  

 

 

     

 

 

  

Total expenses

      1,648         72,332   
  

 

 

     

 

 

  

Gain on distribution of assets / liabilities at fair value

      20,049         -   
  

 

 

     

 

 

  

Net income (loss)

    $ 18,491       $ (72,332 ) 
  

 

 

     

 

 

  

Company's share of net income (loss) in Mixed-Use LP

    $     18,104       $     (74,979 )