Investments in Unconsolidated Real Estate Partnerships (Tables)

12 Months Ended

Dec. 31, 2013

Equity Method Investments and Joint Ventures [Abstract]

Financial information for the unconsolidated real estate partnerships

The following table provides selected combined financial information for the unconsolidated real estate partnerships in which we had investments accounted for under the equity method as of and for the years ended December 31, 2013, 2012 and 2011 (in thousands):

	2013			2012			2011
Real estate, net of accumulated depreciation	$	88,014		$	107,419		$	429,780
Total assets	93,242			114,658			472,904
Non-recourse property debt and other notes payable	60,660			122,019			321,236
Total liabilities	64,859			132,767			455,591
Partners’ capital (deficit)	28,383			(18,109		)	17,313
Rental and other property revenues	16,268			72,636			114,974
Property operating expenses	(8,470		)	(49,331		)	(75,934		)
Depreciation and amortization	(3,300		)	(18,388		)	(26,323		)
Interest expense	(4,185		)	(21,354		)	(27,108		)
Gain on sale and impairment losses, net	36,212			(4,140		)	22,598
Net income (loss)	35,909			(21,108		)	6,773