The Company’s reportable operating segments are summarized as follows:

			Asset			Investments /			Total
	Finance		Management			Corporate			Company
Three Months Ended June 30, 2013
Total revenues	$	-	$	13,617		$	2,687		$	16,304
Equity in net loss from unconsolidated joint ventures		-		-			(2,603	)		(2,603	)
Total operating and interest expense ⁽¹⁾		-		(10,463	)		(6,957	)		(17,420	)
Net income (loss) from continuing operations ⁽²⁾	$	-	$	3,154		$	(6,873	)	$	(3,719	)

			Asset			Investments /			Total
	Finance		Management			Corporate			Company
Three Months Ended June 30, 2012
Total revenues	$	-	$	9,616		$	24		$	9,640
Equity in net loss from unconsolidated joint ventures		-		-			29			29
Total operating and interest expense ⁽¹⁾		-		(8,999	)		(8,103	)		(17,102	)
Net income (loss) from continuing operations ⁽²⁾	$	-	$	617		$	(8,050	)	$	(7,433	)

			Asset			Investments /			Total
	Finance		Management			Corporate			Company
Six Months Ended June 30, 2013
Total revenues	$	-	$	21,932		$	3,639		$	25,571
Equity in net loss from unconsolidated joint ventures		-		-			(3,791	)		(3,791	)
Total operating and interest expense ⁽¹⁾		-		(17,718	)		(11,691	)		(29,409	)
Net income (loss) from continuing operations ⁽²⁾	$	-	$	4,214		$	(11,843	)	$	(7,629	)

			Asset			Investments /			Total
	Finance		Management			Corporate			Company
Six Months Ended June 30, 2012
Total revenues	$	-	$	17,929		$	66		$	17,995
Equity in net loss from unconsolidated joint ventures		-		-			57			57
Total operating and interest expense ⁽¹⁾		-		(16,540	)		(13,210	)		(29,750	)
Net income (loss) from continuing operations ⁽²⁾	$	-	$	1,389		$	(13,087	)	$	(11,698	)

			Asset		Investments /		Total
	Finance		Management		Corporate		Company
Total Assets:
June 30, 2013	$	-	$	16,126	$	313,778	$	329,904
December 31, 2012	$	1,937,554	$	-	$	231,282	$	2,168,836

⁽¹⁾

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.

⁽²⁾

Net income (loss) from continuing operations represents loss before discontinued operations.