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Investment in Joint Venture (Tables)
 3 Months Ended
Mar. 31, 2016
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, 2016 and 2015 are presented below (in thousands):
 
For the three months ended March 31,
 
2016
 
2015
Revenues
$
31,181

 
$
31,021

Total expenses
42,614

 
41,503

Net income (loss)
$
(11,433
)
 
$
(10,482
)
Company’s 49% interest of net income (loss)
(5,602
)
 
(5,136
)
Basis adjustment
91

 
99

Special loan interest income elimination
596

 
589

Equity in earnings (loss) in joint venture
$
(4,915
)
 
$
(4,448
)