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Investment in Joint Venture (Tables)
 3 Months Ended
Mar. 31, 2014
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, 2014 and 2013, are presented below (in thousands):
 
For the three months ended March 31,
 
2014
 
2013
Revenues
$
33,928

 
$
33,224

Total expenses
41,765

 
39,222

Net income (loss)
$
(7,837
)

$
(5,998
)
Company’s 49% interest of net income (loss)
(3,840
)
 
(2,939
)
Basis adjustment
7

 
(557
)
Special loan interest income elimination
589

 
589

Equity in earnings (loss) in joint venture
$
(3,244
)
 
$
(2,907
)