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Investment in Joint Venture (Tables)
 3 Months Ended
Mar. 31, 2013
Equity Method Investments and Joint Ventures [Abstract]  
Summarized results of operations of investment in the Manhattan Collection joint venture
The summarized results of operations of the Company’s investment in the Manhattan Collection joint venture for the three months ended March 31, 2013 and 2012 are presented below (in thousands):
 
For the three months ended March 31,
 
2013
 
2012
Revenues
$
33,224

 
$
32,200

Total expenses
39,222

 
38,596

Net income (loss)
$
(5,998
)
 
$
(6,396
)
Company’s 49% interest of net income (loss)
(2,939
)
 
(3,134
)
Basis adjustment
(557
)
 
(462
)
Special loan interest income elimination
589

 
—

Equity in earnings (loss) in joint venture
$
(2,907
)
 
$
(3,596
)