Investment in Unconsolidated Affiliated Real Estate Entity (Tables)

3 Months Ended

Mar. 31, 2015

Investments in Unconsolidated Affiliated Entity

					As of
Real Estate Entity	Date Acquired	Ownership %			March 31, 2015		December 31, 2014
1407 Broadway Mezz II, LLC ("1407 Broadway")	January 4, 2007		49.0	%	$	11,284	$	9,846

1407 Broadway [Member]

Unaudited Condensed Income Statement

	For the Three Months Ended March 31,
	2015			2014
Total revenue	$	10,257		$	9,982
Property operating expenses		7,239			8,008
Depreciation and amortization		2,022			1,666
Operating income		996			308
Interest expense and other, net		(1,135	)		(709	)
Net loss	$	(139	)	$	(401	)
Company's equity earnings	$	(35	)	$	(135	)

Unaudited Condensed Balance Sheet

	As of		As of
	March 31, 2015		December 31, 2014
Real estate, at cost (net)	$	122,937	$	121,304
Intangible assets		16		28
Cash and restricted cash		14,101		8,951
Other assets		21,821		22,673
Total assets	$	158,875	$	152,956
Mortgage payable	$	125,917	$	126,000
Other liabilities		16,284		13,342
Member capital		16,674		13,614
Total liabilities and members' capital	$	158,875	$	152,956