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Investment in Joint Venture (Tables)
 9 Months Ended
Sep. 30, 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 and nine months ended September 30, 2016 and 2015 are presented below (in thousands):
 
For the three months ended September 30,
 
For the nine months ended September 30,
 
2016
 
2015
 
2016
 
2015
Revenues
$
45,294

 
$
47,950

 
$
122,173

 
$
126,509

Total expenses
43,562

 
43,546

 
129,755

 
127,396

Net income (loss)
$
1,732

 
$
4,404

 
$
(7,582
)

$
(887
)
Company’s 49% interest of net income (loss)
849

 
2,158

 
(3,715
)
 
(435
)
Basis adjustment
(97
)
 
139

 
43

 
419

Special loan interest income elimination
602

 
602

 
1,793

 
1,787

Impairment loss
(62,622
)
 
—

 
(62,622
)
 
—

Equity in earnings (loss) in joint venture
$
(61,268
)
 
$
2,899

 
$
(64,501
)
 
$
1,771