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Real Estate Activity (Tables)
6 Months Ended
Jun. 30, 2013
Real Estate [Abstract]  
Revenues Costs and Expenses Associated with Consolidated Condominium Activities

The revenues, costs and expenses associated with consolidated condominium activities for the three and six months ended June 30, 2013 and 2012 were as follows:

 

     Three months ended     Six months ended  
     June 30,     Year ended June 30,  
     2013     2012     2013     2012  

Condominium revenues

   $ 38,123      $ 22,945      $ 55,598      $ 40,526   

Condominium costs and expenses

     (24,142     (14,415     (33,423     (25,704
  

 

 

   

 

 

   

 

 

   

 

 

 

Net gains on sales of residential condominiums, before income tax

     13,981        8,530        22,175        14,822   

Income tax benefit

     —          —          —          612   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net gains on sales of condominiums

   $ 13,981      $ 8,530      $ 22,175      $ 15,434