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Investment in Joint Venture (Tables)
 12 Months Ended
Dec. 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 years ended December 31, 2016 (through October 18, 2016, the closing date of the redemption transaction), 2015 and 2014 are presented below (in thousands):
 
For the year ended December 31,
 
2016 (1)
 
2015
 
2014
Revenues
$
131,836

 
$
177,775

 
$
185,609

Total expenses
140,116

 
171,109

 
169,683

Net income (loss)
$
(8,280
)

$
6,666

 
$
15,926

Company’s 49% interest of net income (loss)
(4,057
)
 
3,266

 
7,804

Basis adjustment
44

 
558

 
(128
)
Special loan interest income elimination
1,793

 
2,389

 
2,389

Impairment loss
(62,622
)
 
—

 
—

Equity in earnings (loss) in joint venture
$
(64,842
)
 
$
6,213

 
$
10,065