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Investment in Joint Venture (Tables)
 3 Months Ended
Mar. 31, 2015
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, 2015 and 2014 are presented below (in thousands):
 
For the three months ended March 31,
 
2015
 
2014
Revenues
$
31,021

 
$
33,928

Total expenses
41,503

 
41,765

Net income (loss)
$
(10,482
)

$
(7,837
)
Company’s 49% interest of net income (loss)
(5,136
)
 
(3,840
)
Basis adjustment
99

 
7

Special loan interest income elimination
589

 
589

Equity in earnings (loss) in joint venture
$
(4,448
)
 
$
(3,244
)