The Following Is a Summary Of The Financial Position And Results Of Operations (Tables)

9 Months Ended

Sep. 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 (dollars in thousands):

As of September 30,	2013			2012
Real estate, net of accumulated depreciation	$	11,080		$	11,798
Notes receivable		6,252			6,046
Other assets		31,922			31,903
Notes payable		(12,031	)		(13,864	)
Other liabilities		(7,498	)		(6,868	)
Shareholders' equity		(29,725	)		(29,015	)
For the Nine Months Ended September 30,		2013			2012
Revenue	$	30,637		$	30,546
Depreciation		(783	)		(901	)
Operating expenses		(27,990	)		(27,478	)
Interest expense		(706	)		(798	)
Income from continuing operations		1,158			1,369
Income from discontinued operations		-			-
Net income	$	1,158		$	1,369
Company's proportionate share of earnings	$	232		$	274