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The Following Is a Summary Of The Financial Position And Results Of Operations (Tables)
6 Months Ended
Jun. 30, 2013
The Following Is a Summary Of The Financial Position And Results Of Operations  
The Following Is a Summary Of The Financial Position And Results Of Operations

The following is a summary of the financial position and results of operations from our investees:

 

As of June 30,

 

2013

 

 

2012

 

Real estate, net of accumulated depreciation

 

$

11,210

 

 

$

11,694

 

Notes receivable

 

 

6,299

 

 

 

5,887

 

Other assets

 

 

31,802

 

 

 

31,356

 

Notes payable

 

 

(12,695

)

 

 

(13,842

)

Other liabilities

 

 

(7,268

)

 

 

(6,514

)

Shareholders' equity/partners' capital

 

 

(29,348

)

 

 

(28,581

)

 

 

 

 

 

 

 

 

 

For the Six Months Ended June 30,

 

 

2013

 

 

 

2012

 

Revenue

 

$

18,971

 

 

$

19,183

 

Depreciation

 

 

(491

)

 

 

(580

)

Operating expenses

 

 

(17,251

)

 

 

(17,170

)

Interest expense

 

 

(448

)

 

 

(498

)

Income from continuing operations

 

 

781

 

 

 

935

 

Income from discontinued operations

 

 

-

 

 

 

-

 

Net income

 

$

781

 

 

$

935

 

 

 

 

 

 

 

 

 

 

Company's proportionate share of earnings

 

$

156

 

 

$

187