Net Assets in Liquidation	3 Months Ended
Mar. 31, 2018
Text Block [Abstract]
Net Assets in Liquidation	Note 5 – Net Assets in Liquidation Net assets in liquidation decreased by $330.4 million during the three months ended March 31, 2018 primarily due to a liquidating distribution to common stockholders of $335.9 million and a $4.0 million decrease in the estimated liquidation value of the Viceroy property, which was directly offset by a release of liability of $4.3 million associated with the termination of the Viceroy management agreement. The decrease in net assets was further offset by a net increase of $2.9 million due to a remeasurement of estimated receipts and an increase of $2.3 million related to an increase in the estimated hold period for Worldwide Plaza. Net assets in liquidation increased by $121,000 during the three months ended March 31, 2017. The primary reason for the increase in net assets was due to a change in the estimate of expected cash flows from various properties. The net assets in liquidation at March 31, 2018, presented on an undiscounted basis include the Company’s proportionate share in Worldwide Plaza’s net assets which include a property value at $1.725 billion based on the Company’s recent sale of its 48.7% interest in Worldwide Plaza discussed in Note 7. Future increases in value of Worldwide Plaza, if any, from the agreed additional capital investment will be reflected in the statement of net assets when such capital investments are made and such increases in market value can be observed. There were 16,791,769 Common Shares outstanding at March 31, 2018. The net assets in liquidation as of March 31, 2018, if sold at their net asset value, would result in liquidating distributions of approximately $29.94 per common share. On May 1, 2018, the Board declared a cash liquidating distribution of $4.85 per share payable on May 18, 2018 to stockholders of record on May 11, 2018, reducing the estimate of future liquidating distributions to $25.09 per share. The net assets in liquidation as of March 31, 2018 of $502.7 million, if sold at their net asset value, plus the cumulative liquidating distribution to common stockholders of $851.4 million ($50.70 per common share) prior to March 31, 2018 would result in cumulative liquidating distributions to common stockholders of $80.64 per share. There is inherent uncertainty with these projections, and they could change materially based on the timing of the sales, the performance of the underlying assets and any changes in the underlying assumptions of the projected cash flows.

Note 5 – Net Assets in Liquidation

Net assets in liquidation decreased by $330.4 million during the three months ended March 31, 2018 primarily due to a liquidating distribution to common stockholders of $335.9 million and a $4.0 million decrease in the estimated liquidation value of the Viceroy property, which was directly offset by a release of liability of $4.3 million associated with the termination of the Viceroy management agreement. The decrease in net assets was further offset by a net increase of $2.9 million due to a remeasurement of estimated receipts and an increase of $2.3 million related to an increase in the estimated hold period for Worldwide Plaza.

Net assets in liquidation increased by $121,000 during the three months ended March 31, 2017. The primary reason for the increase in net assets was due to a change in the estimate of expected cash flows from various properties.

The net assets in liquidation at March 31, 2018, presented on an undiscounted basis include the Company’s proportionate share in Worldwide Plaza’s net assets which include a property value at $1.725 billion based on the Company’s recent sale of its 48.7% interest in Worldwide Plaza discussed in Note 7. Future increases in value of Worldwide Plaza, if any, from the agreed additional capital investment will be reflected in the statement of net assets when such capital investments are made and such increases in market value can be observed.

There were 16,791,769 Common Shares outstanding at March 31, 2018. The net assets in liquidation as of March 31, 2018, if sold at their net asset value, would result in liquidating distributions of approximately $29.94 per common share. On May 1, 2018, the Board declared a cash liquidating distribution of $4.85 per share payable on May 18, 2018 to stockholders of record on May 11, 2018, reducing the estimate of future liquidating distributions to $25.09 per share. The net assets in liquidation as of March 31, 2018 of $502.7 million, if sold at their net asset value, plus the cumulative liquidating distribution to common stockholders of $851.4 million ($50.70 per common share) prior to March 31, 2018 would result in cumulative liquidating distributions to common stockholders of $80.64 per share. There is inherent uncertainty with these projections, and they could change materially based on the timing of the sales, the performance of the underlying assets and any changes in the underlying assumptions of the projected cash flows.