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Unconsolidated Real Estate Affiliates (Tables)
 12 Months Ended
Dec. 31, 2012
Real Estate Properties [Line Items]  
INVESTMENTS IN UNCONSOLIDATED REAL ESTATE AFFILIATES
 
 
December 31, 2012
 
December 31, 2011
Total assets
 
$
104,882

 
$
171,652

Total liabilities
 
91,176

 
152,155

Members’ equity
 
13,706

 
19,497

Total liabilities and members' equity
 
$
104,882

 
$
171,652

COMPANY INVESTMENTS IN UNCONSOLIDATED REAL ESTATE AFFILIATES
 
 
December 31, 2012
 
December 31, 2011
Members’ equity
 
$
13,706

 
$
19,497

Less: other members’ equity
 
(8,442
)
 
(8,275
)
Basis differential in investment in unconsolidated real estate affiliates, net (1)
 
14,724

 
14,962

Investments in unconsolidated real estate affiliates
 
$
19,988

 
$
26,184

 
(1)
The basis differential in investment in the equity of the unconsolidated real estate affiliates is attributable to a difference in the fair value of Legacy Village over its historical cost at acquisition plus our own acquisition costs for Legacy Village. We amortize the basis differential over the lives of the related assets and liabilities that make up the fair value difference, primarily buildings and improvements. In some instances, the useful lives of these assets and liabilities differ from the useful lives being used to amortize the assets and liabilities by the other members. The basis differential allocated to land is not subject to amortization.
EQUITY IN INCOME (LOSS) OF UNCONSOLIDATED REAL ESTATE AFFILIATES
 
 
Year Ended December 31, 2012
 
Year Ended December 31, 2011
 
Year Ended December 31, 2010
Total revenues
 
$
25,379

 
$
25,229

 
$
30,875

Total operating expenses
 
17,483

 
18,450

 
23,382

Operating income
 
7,896

 
6,779

 
7,493

Total other expenses
 
(7,827
)
 
(8,298
)
 
(9,872
)
Net income (loss)
 
$
69


$
(1,519
)

$
(2,379
)
COMPANY EQUITY IN INCOME OF UNCONSOLIDATED REAL ESTATE AFFILIATES
 
 
 
Year Ended December 31, 2012
 
Year Ended December 31, 2011
 
Year Ended December 31, 2010
Net income (loss) of unconsolidated real estate affiliates
 
$
69

 
$
(1,519
)
 
$
(2,379
)
Other members’ share of net loss
 
(272
)
 
(45
)
 
663

Adjustments and other expenses
 
37

 
74

 
(228
)
Other expense from unconsolidated real estate affiliates
 
(10
)
 
(3
)
 
(1
)
Loss on assignment of 18922 Forge Drive
 
—

 
—

 
(428
)
Company equity in loss of unconsolidated real estate affiliates
 
$
(176
)
 
$
(1,493
)
 
$
(2,373
)