Investment in and Advances to Non-Consolidated Entities (Tables)

6 Months Ended

Jun. 30, 2012

Investment in and Advances to Non Consolidated Entities [Abstract]

Schedule of Variable Interest Entities [Table Text Block]

The following is summary historical cost basis selected balance sheet data as of June 30, 2012 and December 31, 2011 and income statement data for the three and six months ended June 30, 2012 and 2011 for NLS:



	June 30, 2012		December 31, 2011
Real estate, including intangibles, net	$	559,245	$	577,280
Cash, including restricted cash	11,478		12,319
Mortgages and notes payable	259,033		266,136
Noncontrolling preferred interest	194,032		193,522
Partners’ capital	123,414		135,565



	Three months ended June 30,						Six months ended June 30,
	2012			2011			2012			2011
Total gross revenues	$	13,786		$	15,327		$	27,742		$	30,954
Depreciation and amortization	(7,872		)	(8,079		)	(14,653		)	(16,299		)
Interest expense	(3,514		)	(4,137		)	(7,185		)	(8,323		)
Other expenses, net	(1,401		)	(839		)	(2,569		)	(1,824		)
Net income from continuing operations	999			2,272			3,335			4,508
Total discontinued operations	(542		)	803			(517		)	241
Net income	$	457		$	3,075		$	2,818		$	4,749

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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Reference 8: http://www.xbrl.org/2003/role/presentationRef

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+ Details