2.4.0.8119 - Disclosure - Segment Reportingtruefalsefalse1false
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2us-gaap_SegmentReportingDisclosureTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseverboseLabel| 1falsefalsefalse00 <table border="0" style="clear:both;width:100%; table-layout:fixed;"> <tr> <td></td> </tr> </table> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong><strong>13. Segment Reporting</strong></strong></div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> As of June 30, 2013, the Company has determined that it has two reportable operating segments: Asset Management and Investments/Corporate. On March 15, 2013, the Company disposed of its third reportable segment, Gramercy Finance, as more fully discussed in Note 1. The reportable segments were determined based on the management approach, which looks to the Company’s internal organizational structure. These three lines of business require different support infrastructures. In 2012, the Company changed the composition of its business segments to separate Asset Management from Investments.</div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">   </div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> The Investments/Corporate segment includes all of the Company’s activities related to net lease investments in markets across the United States. The Investments/Corporate segment generates revenues from rental revenues from properties owned by the Company.</div> </div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong>The Asset Management segment includes substantially all of the Company’s activities related to asset and property management services. The Asset Management segment generates revenues from fee income related to the management agreements for properties owned by third-parties.</strong></div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong> </strong></div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong>The Finance segment was classified as held for sale at December 31, 2012 in connection with the disposal in the first quarter of 2013.</strong></div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -8.9pt; MARGIN: 0pt 0px 0pt 26.9pt; FONT: 10pt Times New Roman, Times, Serif"> <strong>  </strong></div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -8.9pt; MARGIN: 0pt 0px 0pt 26.9pt; FONT: 10pt Times New Roman, Times, Serif"> <strong>The Company’s reportable operating segments are summarized as follows:</strong></div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -8.9pt; MARGIN: 0pt 0px 0pt 26.9pt; FONT: 10pt Times New Roman, Times, Serif"> <strong> </strong></div> <table style="WIDTH: 75%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0" align="center"> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap;"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap;"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center" colspan="2" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap;"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-WEIGHT: bold" colspan="2" > <div><font style="FONT-SIZE: 8pt">Asset</font></div> </td> <td style="white-space:nowrap; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-WEIGHT: bold" colspan="2" > <div><font style="FONT-SIZE: 8pt">Investments /</font></div> </td> <td style="white-space:nowrap; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-WEIGHT: bold" colspan="2" > <div><font style="FONT-SIZE: 8pt">Total</font></div> </td> <td style="white-space:nowrap; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap;"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; FONT-WEIGHT: bold" colspan="2" > <div><font style="FONT-SIZE: 8pt">Finance</font></div> </td> <td style="white-space:nowrap; PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; FONT-WEIGHT: bold" colspan="2" > <div><font style="FONT-SIZE: 8pt">Management</font></div> </td> <td style="white-space:nowrap; PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; FONT-WEIGHT: bold" colspan="2" > <div><font style="FONT-SIZE: 8pt">Corporate</font></div> </td> <td style="white-space:nowrap; PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; FONT-WEIGHT: bold" colspan="2" > <div><font style="FONT-SIZE: 8pt">Company</font></div> </td> <td style="white-space:nowrap; PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="FONT-WEIGHT: bold"> <div><font style="FONT-SIZE: 8pt">Three Months Ended June 30, 2013</font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; WIDTH: 48%"> <div><font style="FONT-SIZE: 8pt">Total revenues</font></div> </td> <td style="WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="TEXT-ALIGN: right; WIDTH: 10%"> <div><font style="FONT-SIZE: 8pt">-</font></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="TEXT-ALIGN: right; WIDTH: 10%"> <div><font style="FONT-SIZE: 8pt">13,617</font></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="TEXT-ALIGN: right; WIDTH: 10%"> <div><font style="FONT-SIZE: 8pt">2,687</font></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="TEXT-ALIGN: right; WIDTH: 10%"> <div><font style="FONT-SIZE: 8pt">16,304</font></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt">Equity in net loss from unconsolidated joint ventures</font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">-</font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">-</font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">(2,603</font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt">)</font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">(2,603</font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt">)</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> <div><font style="FONT-SIZE: 8pt">Total operating and interest expense <sup>(1)</sup></font></div> </td> <td style="PADDING-BOTTOM: 1pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">   -</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="PADDING-BOTTOM: 1pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">(10,463</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> <div><font style="FONT-SIZE: 8pt">)</font></div> </td> <td style="PADDING-BOTTOM: 1pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">(6,957</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> <div><font style="FONT-SIZE: 8pt">)</font></div> </td> <td style="PADDING-BOTTOM: 1pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">(17,420</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> <div><font style="FONT-SIZE: 8pt">)</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt">Net income (loss) from continuing operations <sup>(2)</sup></font></div> </td> <td style="PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">-</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">3,154</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">(6,873</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt">)</font></div> </td> <td style="PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">(3,719</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt">)</font></div> </td> </tr> </table> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong> </strong></div> <table style="WIDTH: 75%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0" align="center"> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap;"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap;"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center" colspan="2" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap;"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-WEIGHT: bold" colspan="2" > <div><font style="FONT-SIZE: 8pt">Asset</font></div> </td> <td style="white-space:nowrap; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-WEIGHT: bold" colspan="2" > <div><font style="FONT-SIZE: 8pt">Investments /</font></div> </td> <td style="white-space:nowrap; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-WEIGHT: bold" colspan="2" > <div><font style="FONT-SIZE: 8pt">Total</font></div> </td> <td style="white-space:nowrap; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap;"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; FONT-WEIGHT: bold" colspan="2" > <div><font style="FONT-SIZE: 8pt">Finance</font></div> </td> <td style="white-space:nowrap; PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; FONT-WEIGHT: bold" colspan="2" > <div><font style="FONT-SIZE: 8pt">Management</font></div> </td> <td style="white-space:nowrap; PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; FONT-WEIGHT: bold" colspan="2" > <div><font style="FONT-SIZE: 8pt">Corporate</font></div> </td> <td style="white-space:nowrap; PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; FONT-WEIGHT: bold" colspan="2" > <div><font style="FONT-SIZE: 8pt">Company</font></div> </td> <td style="white-space:nowrap; PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="FONT-WEIGHT: bold"> <div><font style="FONT-SIZE: 8pt">Three Months Ended June 30, 2012</font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; WIDTH: 48%"> <div><font style="FONT-SIZE: 8pt">Total revenues</font></div> </td> <td style="WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="TEXT-ALIGN: right; WIDTH: 10%"> <div><font style="FONT-SIZE: 8pt">-</font></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="TEXT-ALIGN: right; WIDTH: 10%"> <div><font style="FONT-SIZE: 8pt">9,616</font></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="TEXT-ALIGN: right; WIDTH: 10%"> <div><font style="FONT-SIZE: 8pt">24</font></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="TEXT-ALIGN: right; WIDTH: 10%"> <div><font style="FONT-SIZE: 8pt">9,640</font></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt">Equity in net loss from unconsolidated joint ventures</font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">-</font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">-</font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">29</font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">29</font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> <div><font style="FONT-SIZE: 8pt">Total operating and interest expense <sup>(1)</sup></font></div> </td> <td style="PADDING-BOTTOM: 1pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">   -</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="PADDING-BOTTOM: 1pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">(8,999</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> <div><font style="FONT-SIZE: 8pt">)</font></div> </td> <td style="PADDING-BOTTOM: 1pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">(8,103</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> <div><font style="FONT-SIZE: 8pt">)</font></div> </td> <td style="PADDING-BOTTOM: 1pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">(17,102</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> <div><font style="FONT-SIZE: 8pt">)</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt">Net income (loss) from continuing operations <sup>(2)</sup></font></div> </td> <td style="PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">-</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">617</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">(8,050</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt">)</font></div> </td> <td style="PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">(7,433</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt">)</font></div> </td> </tr> </table> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong> </strong></div> <table style="WIDTH: 75%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0" align="center"> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap;"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap;"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center" colspan="2" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap;"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-WEIGHT: bold" colspan="2" > <div><font style="FONT-SIZE: 8pt">Asset</font></div> </td> <td style="white-space:nowrap; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-WEIGHT: bold" colspan="2" > <div><font style="FONT-SIZE: 8pt">Investments /</font></div> </td> <td style="white-space:nowrap; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-WEIGHT: bold" colspan="2" > <div><font style="FONT-SIZE: 8pt">Total</font></div> </td> <td style="white-space:nowrap; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap;"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; FONT-WEIGHT: bold" colspan="2" > <div><font style="FONT-SIZE: 8pt">Finance</font></div> </td> <td style="white-space:nowrap; PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; FONT-WEIGHT: bold" colspan="2" > <div><font style="FONT-SIZE: 8pt">Management</font></div> </td> <td style="white-space:nowrap; PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; FONT-WEIGHT: bold" colspan="2" > <div><font style="FONT-SIZE: 8pt">Corporate</font></div> </td> <td style="white-space:nowrap; PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; FONT-WEIGHT: bold" colspan="2" > <div><font style="FONT-SIZE: 8pt">Company</font></div> </td> <td style="white-space:nowrap; PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="FONT-WEIGHT: bold"> <div><font style="FONT-SIZE: 8pt">Six Months Ended June 30, 2013</font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; WIDTH: 48%"> <div><font style="FONT-SIZE: 8pt">Total revenues</font></div> </td> <td style="WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="TEXT-ALIGN: right; WIDTH: 10%"> <div><font style="FONT-SIZE: 8pt">-</font></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="TEXT-ALIGN: right; WIDTH: 10%"> <div><font style="FONT-SIZE: 8pt">21,932</font></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="TEXT-ALIGN: right; WIDTH: 10%"> <div><font style="FONT-SIZE: 8pt">3,639</font></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="TEXT-ALIGN: right; WIDTH: 10%"> <div><font style="FONT-SIZE: 8pt">25,571</font></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt">Equity in net loss from unconsolidated joint ventures</font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">   -</font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">-</font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">(3,791</font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt">)</font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">(3,791</font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt">)</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> <div><font style="FONT-SIZE: 8pt">Total operating and interest expense <sup>(1)</sup></font></div> </td> <td style="PADDING-BOTTOM: 1pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">-</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="PADDING-BOTTOM: 1pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">(17,718</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> <div><font style="FONT-SIZE: 8pt">)</font></div> </td> <td style="PADDING-BOTTOM: 1pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">(11,691</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> <div><font style="FONT-SIZE: 8pt">)</font></div> </td> <td style="PADDING-BOTTOM: 1pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">(29,409</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> <div><font style="FONT-SIZE: 8pt">)</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt">Net income (loss) from continuing operations <sup>(2)</sup></font></div> </td> <td style="PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">-</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">4,214</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">(11,843</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt">)</font></div> </td> <td style="PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">(7,629</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt">)</font></div> </td> </tr> </table> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong> </strong></div> <table style="WIDTH: 75%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0" align="center"> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap;"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap;"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center" colspan="2" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap;"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-WEIGHT: bold" colspan="2" > <div><font style="FONT-SIZE: 8pt">Asset</font></div> </td> <td style="white-space:nowrap; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-WEIGHT: bold" colspan="2" > <div><font style="FONT-SIZE: 8pt">Investments /</font></div> </td> <td style="white-space:nowrap; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-WEIGHT: bold" colspan="2" > <div><font style="FONT-SIZE: 8pt">Total</font></div> </td> <td style="white-space:nowrap; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap;"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; FONT-WEIGHT: bold" colspan="2" > <div><font style="FONT-SIZE: 8pt">Finance</font></div> </td> <td style="white-space:nowrap; PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; FONT-WEIGHT: bold" colspan="2" > <div><font style="FONT-SIZE: 8pt">Management</font></div> </td> <td style="white-space:nowrap; PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; FONT-WEIGHT: bold" colspan="2" > <div><font style="FONT-SIZE: 8pt">Corporate</font></div> </td> <td style="white-space:nowrap; PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; FONT-WEIGHT: bold" colspan="2" > <div><font style="FONT-SIZE: 8pt">Company</font></div> </td> <td style="white-space:nowrap; PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold" > <div><font style="FONT-SIZE: 8pt"> </font></div> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="FONT-WEIGHT: bold"> <div><font style="FONT-SIZE: 8pt">Six Months Ended June 30, 2012</font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; WIDTH: 48%"> <div><font style="FONT-SIZE: 8pt">Total revenues</font></div> </td> <td style="WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="TEXT-ALIGN: right; WIDTH: 10%"> <div><font style="FONT-SIZE: 8pt">     -</font></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="TEXT-ALIGN: right; WIDTH: 10%"> <div><font style="FONT-SIZE: 8pt">17,929</font></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="TEXT-ALIGN: right; WIDTH: 10%"> <div><font style="FONT-SIZE: 8pt">66</font></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="TEXT-ALIGN: right; WIDTH: 10%"> <div><font style="FONT-SIZE: 8pt">17,995</font></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt">Equity in net loss from unconsolidated joint ventures</font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">   -</font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">-</font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">57</font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">57</font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> <div><font style="FONT-SIZE: 8pt">Total operating and interest expense <sup>(1)</sup></font></div> </td> <td style="PADDING-BOTTOM: 1pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">-</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="PADDING-BOTTOM: 1pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">(16,540</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> <div><font style="FONT-SIZE: 8pt">)</font></div> </td> <td style="PADDING-BOTTOM: 1pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">(13,210</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> <div><font style="FONT-SIZE: 8pt">)</font></div> </td> <td style="PADDING-BOTTOM: 1pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">(29,750</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt"> <div><font style="FONT-SIZE: 8pt">)</font></div> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt">Net income (loss) from continuing operations <sup>(2)</sup></font></div> </td> <td style="PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">-</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">1,389</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">(13,087</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt">)</font></div> </td> <td style="PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">(11,698</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt">)</font></div> </td> </tr> </table> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong> </strong></div> <table style="WIDTH: 75%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0" align="center"> <tr style="VERTICAL-ALIGN: bottom"> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: center" colspan="2"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="FONT-WEIGHT: bold"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: center; FONT-WEIGHT: bold" colspan="2"> <div><font style="FONT-SIZE: 8pt">Asset</font></div> </td> <td style="FONT-WEIGHT: bold"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="FONT-WEIGHT: bold"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: center; FONT-WEIGHT: bold" colspan="2"> <div><font style="FONT-SIZE: 8pt">Investments /</font></div> </td> <td style="FONT-WEIGHT: bold"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="FONT-WEIGHT: bold"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: center; FONT-WEIGHT: bold" colspan="2"> <div><font style="FONT-SIZE: 8pt">Total</font></div> </td> <td style="FONT-WEIGHT: bold"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; FONT-WEIGHT: bold" colspan="2"> <div><font style="FONT-SIZE: 8pt">Finance</font></div> </td> <td style="PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; FONT-WEIGHT: bold" colspan="2"> <div><font style="FONT-SIZE: 8pt">Management</font></div> </td> <td style="PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; FONT-WEIGHT: bold" colspan="2"> <div><font style="FONT-SIZE: 8pt">Corporate</font></div> </td> <td style="PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; FONT-WEIGHT: bold" colspan="2"> <div><font style="FONT-SIZE: 8pt">Company</font></div> </td> <td style="PADDING-BOTTOM: 1pt; FONT-WEIGHT: bold"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; FONT-WEIGHT: bold"> <div><font style="FONT-SIZE: 8pt">Total Assets:</font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> </tr> <tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom"> <td style="PADDING-BOTTOM: 2.5pt; WIDTH: 48%"> <div><font style="FONT-SIZE: 8pt">June 30, 2013</font></div> </td> <td style="PADDING-BOTTOM: 2.5pt; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right; WIDTH: 10%"> <div><font style="FONT-SIZE: 8pt">-</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="PADDING-BOTTOM: 2.5pt; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right; WIDTH: 10%"> <div><font style="FONT-SIZE: 8pt">16,126</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="PADDING-BOTTOM: 2.5pt; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right; WIDTH: 10%"> <div><font style="FONT-SIZE: 8pt">313,778</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="PADDING-BOTTOM: 2.5pt; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right; WIDTH: 10%"> <div><font style="FONT-SIZE: 8pt">329,904</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt; WIDTH: 1%"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt">December 31, 2012</font></div> </td> <td style="PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">1,937,554</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">-</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">231,282</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> <div><font style="FONT-SIZE: 8pt">$</font></div> </td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> <div><font style="FONT-SIZE: 8pt">2,168,836</font></div> </td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt"> <div><font style="FONT-SIZE: 8pt"> </font></div> </td> </tr> </table> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN: center; TEXT-INDENT: -8.9pt; MARGIN: 0pt 0px 0pt 26.9pt; FONT: 10pt Times New Roman, Times, Serif"> <strong> </strong></div> <table style="clear:both;MARGIN-TOP: 0pt; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 18pt"></td> <td style="WIDTH: 18.7pt"> <div><font style="FONT-SIZE: 10pt"><sup>(1)</sup></font></div> </td> <td> <div><font style="FONT-SIZE: 10pt">Total operating and interest expense includes operating costs on commercial property assets for the Investments segment and costs to perform required functions under the management agreement for the Asset Management segment. Depreciation and amortization of $1,256 and $86 and provision for taxes of $4,846 and $3,419 for the six months ended June 30, 2013 and 2012, respectively, are included in the amounts presented above. Depreciation and amortization of $919 and $45 and provision for taxes of $4,441 and $2,107 for the three months ended June 30, 2013 and 2012, respectively, are included in the amounts presented above.</font></div> </td> </tr> </table> <table style="clear:both;MARGIN-TOP: 0pt; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 18pt"></td> <td style="WIDTH: 18.7pt"> <div><font style="FONT-SIZE: 10pt"><sup>(2)</sup></font></div> </td> <td> <div><font style="FONT-SIZE: 10pt">Net income (loss) from continuing operations represents loss before discontinued operations.</font></div> </td> </tr> </table> </div> </div> falsefalsefalse | nonnum:textBlockItemTypenaThe entire disclosure for reporting segments including data and tables. 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