Investments in Joint Ventures (Tables)

12 Months Ended

Dec. 31, 2013

Equity Method Investments and Joint Ventures [Abstract]

Condensed Combined Balance Sheets

The combined summarized financial information of the investments in Joint Ventures is as follows:

	December 31, 2013			December 31, 2012
Condensed Combined Balance Sheets:
Gross Investment in Real Estate	$	28,389		$	115,488
Less: Accumulated Depreciation	(4,253		)	(38,535		)
Net Investment in Real Estate	24,136			76,953
Real Estate and Other Assets Held for Sale, Net of Accumulated Depreciation and Amortization of $40,387 and $0	48,408			—
Other Assets	7,690			17,327
Total Assets	$	80,234		$	94,280
Indebtedness	$	24,656		$	81,764
Other Liabilities	1,615			4,817
Indebtedness, Accrued Interest Expense and Leasing Intangibles Held for Sale, Net of Accumulated Amortization of $3,208 and $0	48,651			—
Equity	5,312			7,699
Total Liabilities and Equity	$	80,234		$	94,280
Company’s Share of Equity	$	896		$	1,252
Basis Differentials(1)	(200		)	(448		)
Carrying Value of the Company’s Investments in Joint Ventures	$	696		$	804

_______________

(1) This amount represents the aggregate difference between our historical cost basis and the basis reflected at the joint venture level. Basis differentials are primarily comprised of impairments we recorded to reduce certain of our investments in the 2003 Net Lease Joint Venture to fair value and certain deferred fees which are not reflected at the joint venture level.

Condensed Combined Statements of Operations

	Year Ended December 31,
	2013			2012			2011
Condensed Combined Statements of Operations:
Total Revenues	$	3,433		$	3,371		$	3,411
Expenses:
Property Expenses and Other	1,070			1,096			1,226
Depreciation and Other Amortization	931			764			836
Interest Expense	1,532			1,633			1,643
Total Expenses	3,533			3,493			3,705
Discontinued Operations:
Loss Attributable to Discontinued Operations	(1,300		)	(1,607		)	(1,587		)
Gain on Sale of Real Estate	513			4,974			3,137
(Loss) Income from Discontinued Operations	(787		)	3,367			1,550
Net (Loss) Income	$	(887	)	$	3,245		$	1,256
Equity in Income of Joint Ventures	$	136		$	1,559		$	980