Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Revenues
Rental revenue	$ 4,832	$ 6,756	$ 10,755	$ 13,453
Hotel revenue	9,190	829	13,318	1,935
Condominium sales		3,513	409	6,836
Total revenues	14,022	11,098	24,482	22,224
Expenses
Property operating expenses	3,635	2,595	6,133	4,472
Hotel operating expenses	6,560	1,043	10,179	2,321
Bad debt expense	388	143	1,731	157
Cost of condominium sales		3,513	417	6,883
Condominium inventory impairment				438
Interest expense	2,428	2,867	4,825	5,449
Real estate taxes	1,159	849	2,065	1,782
Provision for loan losses		12,022		12,022
Property management fees	455	237	775	491
Asset management fees	604	751	1,188	1,492
General and administrative	1,304	2,333	3,172	3,644
Depreciation and amortization	3,249	3,121	6,651	6,225
Total expenses	19,782	29,474	37,136	45,376
Interest income	12	10	30	18
Other income, net	8	481	27	699
Loss from continuing operations before income taxes and equity in earnings (losses) of unconsolidated joint ventures	(5,740)	(17,885)	(12,597)	(22,435)
Reorganization items, net	(5)	(60)	(123)	(60)
Provision for income taxes	(32)	(49)	(64)	(98)
Equity in earnings (losses) of unconsolidated joint ventures	64	(1,080)	414	(3,747)
Loss from continuing operations	(5,713)	(19,074)	(12,370)	(26,340)
Income from discontinued operations	4,521	2,946	3,869	1,829
Gain on sale of real estate	95		95
Net loss	(1,097)	(16,128)	(8,406)	(24,511)
Add: Net loss attributable to the noncontrolling interest
Continuing operations	178	2,085	270	2,467
Discontinued operations	(1,587)	118	(1,459)	240
Net loss attributable to common shareholders	(2,506)	(13,925)	(9,595)	(21,804)
Weighted average shares outstanding:
Basic and diluted (in shares)	56,500	56,500	56,500	56,500
Basic and diluted:
Continuing operations (in dollars per share)	$ (0.10)	$ (0.30)	$ (0.21)	$ (0.43)
Discontinued operations (in dollars per share)	$ 0.05	$ 0.05	$ 0.04	$ 0.04
Basic and diluted loss per share (in dollars per share)	$ (0.05)	$ (0.25)	$ (0.17)	$ (0.39)
Amounts attributable to common shareholders:
Continuing operations	(5,440)	(16,989)	(12,005)	(23,873)
Discontinued operations	2,934	3,064	2,410	2,069
Net loss attributable to common shareholders	(2,506)	(13,925)	(9,595)	(21,804)
Comprehensive Income (loss):
Net loss	(1,097)	(16,128)	(8,406)	(24,511)
Other comprehensive loss:
Foreign currency translation loss (gain)	321	(1,133)	133	(676)
Unrealized loss on interest rate derivatives		28		20
Reclassifications to net income:
Unrealized foreign currency translation loss	3,624		3,624
Unrealized loss on interest rate derivatives	24		45
Total other comprehensive income (loss)	3,969	(1,105)	3,802	(656)
Comprehensive Income (loss)	2,872	(17,233)	(4,604)	(25,167)
Comprehensive loss attributable to noncontrolling interest	(1,407)	2,174	(1,286)	2,718
Comprehensive Income (loss) attributable to common shareholders	$ 1,465	$ (15,059)	$ (5,890)	$ (22,449)