Investments in Unconsolidated Entities

3 Months Ended

Mar. 31, 2015

Equity Method Investments and Joint Ventures [Abstract]

Investments in unconsolidated entities consist of our noncontrolling interests in certain properties. The following is a summary of our investments in unconsolidated entities as of March 31, 2015, and December 31, 2014 (in thousands):



	Ownership Interest	March 31, 2015		December 31, 2014
Wanamaker Building	60.00%	$	38,182	$	38,609
Paces West	10.00%	1,240		1,276
Total		$	39,422	$	39,885

For the three months ended March 31, 2015 and 2014, we recorded approximately $0.2 million and $0.1 million in equity in operations of investments, respectively. Our equity in operations of investments for the three months ended March 31, 2015 and 2014, represents our proportionate share of the combined earnings and losses from these investments for the period of our ownership. For the three months ended March 31, 2015 and 2014, we recorded approximately $0.6 million and $0.4 million of distributions from our investments in unconsolidated entities, respectively.

- Definition

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

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