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Investment in Joint Venture (Tables)
 9 Months Ended
Sep. 30, 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 and nine months ended September 30, 2013 and 2012 are presented below (in thousands):
 
For the three months ended September 30,
 
For the nine months ended September 30,
 
2013
 
2012
 
2013
 
2012
Revenues
$
43,299

 
$
43,843

 
$
121,868

 
$
122,273

Total expenses
39,881

 
38,262

 
119,273

 
115,862

Net income (loss)
$
3,418

 
$
5,581

 
$
2,595


$
6,411

Company’s 49% interest of net income (loss)
1,675

 
2,734

 
1,272

 
3,141

Basis adjustment
7

 
(582
)
 
(567
)
 
(1,505
)
Special loan interest income elimination
602

 
—

 
1,787

 
—

Equity in earnings (loss) in joint venture
$
2,284

 
$
2,152

 
$
2,492

 
$
1,636