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Investments in Unconsolidated Real Estate Joint Ventures (Tables)
6 Months Ended
Jun. 30, 2014
Investments in Unconsolidated Real Estate Joint Ventures [Abstract]  
Investments In Unconsolidated Real Estate Joint Ventures

 

 

 

 

 

 

 

 

 

 

June 30,

December 31,

 

 

2014

2013

Altis at Kendall Square, LLC

$

1,298 
1,300 

New Urban/BBX Development, LLC

 

2,368 
54 

Sunrise and Bayview Partners, LLC

 

1,800 

 -

PGA Design Center Holdings, LLC

 

1,971 

 -

Investments in unconsolidated real estate joint ventures

$

7,437 
1,354 

 

Deferred Profits and Recognized Gain on Sale of Site to Joint Venture

 

 

 

 

 

 

Sales price

$

3,600 

Selling expenses

 

(169)

Carrying value of property

 

(889)

Gross profits

 

2,542 

Notes receivable subject to future subordination

 

1,600 

Land acquisition loan

 

566 

Gross profits deferred - cost recovery method

 

2,166 

Gross profits before equity interest deferral

 

376 

Equity interest in real estate joint venture

 

50% 

Equity interest gross profit deferred

 

188 

Total gross profits deferred included in other liabilities

 

2,354 

Gross profits recognized in net gains on sales of assets

$

188