Acquisitions and Dispositions (Tables)

9 Months Ended

Sep. 30, 2013

Schedule of Carrying Value and Fair value of Company's Class B Interest in RJ LLC

The following table summarizes the carrying value and fair value of the Company’s Class B interest in RJ LLC as of June 14, 2013 and the resulting gain on remeasurement of approximately $10.9 million, which has been recognized in the accompanying condensed consolidated statements of operations (in thousands):

Fair value of existing Class B interest	$	7,615
Carrying value of Class B interest		(3,330	)
Gain on remeasurement of equity method investment	$	10,945

Revenues and Net income Attributable to Management Internalization, Alaska Joint Venture Acquisition, and RJ Transaction

The following table presents the total revenues and net income attributable to the Management Internalization, Alaska Joint Venture Acquisition, and 2013 RJ Transaction that is included in our condensed consolidated statement of operations from the respective transaction dates through September 30, 2013 (in thousands):

	Management Internalization			Alaska Joint Venture Acquisition		2013 RJ Transaction
	Period from June 10, 2013 to September 30, 2013			Period from June 11, 2013 to September 30, 2013		Period from June 14, 2013 to September 30, 2013
Total revenues	$	959		$	19,624	$	640
Net (loss) / income	$	(13,818	)	$	54	$	(111	)

Schedule of Company's Supplemental Consolidated Pro Forma Total Revenues and Net Income

The following table presents the Company’s supplemental consolidated pro forma total revenues and net income as if the Management Internalization, Alaska Joint Venture Acquisition, and 2013 RJ Transaction had occurred on January 1, 2012 (in thousands):

	Three months ended September 30,						Nine months ended September 30,
	2013			2012			2013			2012
Pro forma total revenues (1)	$	49,463		$	2,809		$	95,595		$	5,302
Pro forma net loss (1)	$	(3,861	)	$	(3,018	)	$	(16,111	)	$	(8,189	)

(1) This unaudited pro forma supplemental information does not purport to be indicative of what the Company’s operating results would have been had the Management Internalization, Alaska Joint Venture Acquisition, and 2013 RJ Transaction occurred on January 1, 2012.

Management Internalization [Member]

Schedule of Fair Values of Assets Acquired

The following table summarizes the fair values of the assets acquired as part of the Management Internalization as of the date of acquisition (in thousands):

Buildings and improvements	$	4,214
Identified intangible assets:
Trademark		3,100
Database		2,100
Goodwill		120,655
Fair value of acquired assets	$	130,069

Alaska Joint Venture Acquisition [Member]

Schedule of Fair Values of Assets Acquired

The following table summarizes the fair values of the assets acquired as part of the Alaska Joint Venture Acquisition as of the date of acquisition (in thousands):

Land	$	156,648
Building and improvements		740,396
Receivable for net cash flows prior to acquisition date		1,896
Value of in-place leases		5,547
Fair value of acquired assets	$	904,487

RJ LLC [Member]

Schedule of Fair Values of Assets Acquired

The following table summarizes the fair values of the net assets of RJ LLC, RJ1 and RJ2 that the Company gained control over on June 14, 2013 and the associated 67% noncontrolling interest held by the RJ1 Investors and RJ2 Investors in RJ1 and RJ2, respectively (in thousands):

Land	$	10,340
Building and improvements		54,123
Value of in-place leases		539
Cash and cash equivalents		1,128
Other current assets and liabilities, net		(311	)
Note payable		(7,600	)
Noncontrolling interest		(39,321	)
Fair value of acquired net assets	$	18,898