Investments in Partially Owned Entities

3 Months Ended

Mar. 31, 2015

Equity Method Investments And Joint Ventures [Abstract]

Investments in Partially Owned Entities

4.     Investments in Partially Owned Entities

The following table summarizes our investments in partially owned entities as of March 31, 2015 and December 31, 2014.

	Percentage
	ownership at			As of
(Amounts in thousands)	March 31,2015			March 31, 2015		December 31, 2014
Investments:
712 Fifth Avenue		50.0	%	$	2,319	$	1,697
Other (1)		9.5	%		4,051		4,052
				$	6,370	$	5,749

⁽¹⁾ Represents our interest in Oder-Center, a shopping center in Brandenburg, Germany.

The following table summarizes income from partially owned entities for the three months ended March 31, 2015 and 2014.

	Percentage			TheCompany		The Predecessor
	ownershipat			Three months ended March 31,
(Amounts in thousands)	March 31,2015			2015		2014
Our share of Net Income:
712 Fifth Avenue		50.0	%	$	940	$	1,090
1325 Avenue of the Americas	n/a				-		42
900 Third Avenue (1)	n/a				-		-
Other (2)		9.5	%		35		-
				$	975	$	1,132

⁽¹⁾ As of March 31, 2014, our Predecessor’s investment in 900 Third Avenue had a deficit balance and since our Predecessor had no obligations to fund operating losses, it did not recognize any losses in excess of its investment balance. All unrecognized losses were aggregated to offset future net income until all unrecognized losses were utilized.

⁽²⁾ We account for our interest in Oder-Center on a one quarter lag basis. The three months ended March 31, 2015 includes our share of income for the 38 day period during the fourth quarter ended December 31, 2014.