The Table Below Reconciles Segment Information To Consolidated Statements Of Operations (Tables)

6 Months Ended

Jun. 30, 2013

The Table Below Reconciles Segment Information To Consolidated Statements Of Operations

The Table Below Reconciles Segment Information To Consolidated Statements Of Operations

The table below reconciles the segment information to the corresponding amounts in the Consolidated Balance Sheets:

	June 30,
	2013		2012
Segment assets	$	873,107	$	960,110
Investments in unconsolidated investees		10,415		7,437
Notes and interest receivable		103,690		101,235
Other assets and receivables		71,401		89,134
Assets held for sale		-		2,329
Total assets	$	1,058,613	$	1,160,245

	Commercial
For the Six Months Ended June 30, 2013	Properties			Apartments			Hotels		Land			Other			Total
Rental and other property revenues	$	12,453		$	41,450		$	-	$	56		$	14		$	53,973
Property operating expenses		7,101			17,741			-		726			9			25,577
Depreciation and amortization		3,145			7,256			-		-			(97	)		10,304
Mortgage and loan interest		3,280			12,157			-		3,039			3,693			22,169
Deferred borrowing costs		43			3,253			-		97			43			3,436
Loan charges and prepayment penalies		-			7,182			-		-			180			7,362
Interest income		-			-			-		-			7,053			7,053
Loss on land sales		-			-			-		(35	)		-			(35	)
Segment operating income (loss)	$	(1,116	)	$	(6,139	)	$	-	$	(3,841	)	$	3,239		$	(7,857	)
Capital expenditures		3,053			246			-		281			-			3,580
Real estate assets		149,684			513,328			-		210,095			-			873,107
Property Sales
Sales price	$	26,974		$	50,122		$	-	$	2,250		$	-		$	79,346
Cost of sale		14,914			36,881			-		2,285			-			54,080
Gain (loss) on sale	$	12,060		$	13,241		$	-	$	(35	)	$	-		$	25,266
	Commercial
For the Six Months Ended June 30, 2012	Properties			Apartments			Hotels		Land			Other			Total
Rental and other property revenues	$	14,924		$	38,913		$	-	$	-		$	75		$	53,912
Property operating expenses		8,498			16,770			-		572			276			26,116
Depreciation and amortization		2,873			7,183			-		-			(138	)		9,918
Mortgage and loan interest		3,126			14,141			-		3,179			4,042			24,488
Deferred borrowing costs		46			2,763			-		54			24			2,887
Loan charges and prepayment penalties		-			6,117			-		44			-			6,161
Interest income		-			-			-		-			8,063			8,063
Gain on land sales		-			-			-		3,716			-			3,716
Segment operating income (loss)	$	381		$	(8,061	)	$	-	$	(133	)	$	3,934		$	(3,879	)
Capital expenditures		877			235			-		285			-			1,397
Real estate assets		166,902			561,711			-		231,497			-			960,110
Property Sales
Sales price	$	6,825		$	45,610		$	3,369	$	20,914		$	-		$	76,718
Cost of sale		7,313			39,983			252		17,198			-			64,746
Gain (loss) on sale	$	(488	)	$	5,627		$	3,117	$	3,716		$	-		$	11,972