Investments in Unconsolidated Joint Ventures (Tables)

6 Months Ended

Jun. 30, 2013

Investments in Unconsolidated Joint Ventures

Schedule of the entity's investments in unconsolidated joint ventures

		Percentage of Ownership
		June 30,		December 31,
Name of Joint Venture	Description	2013		2012
Pelican Landing Timeshares Ventures (Pelican Landing)	Multi-family timeshare units - Bonita Springs, Florida	51.0	%	51.0	%
Florida Home Finance Group LLC (FHFG)	Mortgage banking operations	0.0	%	49.9	%

Schedule of equity in earnings from unconsolidated joint ventures

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2013		2012			2013		2012
	(in thousands)					(in thousands)
Equity in (earnings) loss from unconsolidated joint ventures	$	19	$	(98	)	$	41	$	(127	)

Summary of aggregate condensed financial information of the entity's unconsolidated joint ventures

	June 30,		December 31,
	2013		2012
	(in thousands)
Assets
Real estate investments	$	5,117	$	5,285
Other assets	7,083		10,535
Total assets	$	12,200	$	15,820
Liabilities and partners’ capital
Total liabilities	$	1,054	$	2,474
Capital - other partners	5,462		6,553
Capital - the Company	5,684		6,793
Total liabilities and partners’ capital	$	12,200	$	15,820

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2013			2012		2013			2012
	(in thousands)					(in thousands)
Combined results of operations
Revenues	$	858		$	1,731	$	1,284		$	3,322
Net (loss) income	$	(291	)	$	118	$	(879	)	$	(88	)