Investment in 111 West 57th Partners LLC (Tables)

12 Months Ended

Dec. 31, 2013

Investment in 111 West 57th Partners LLC [Abstract]

Equity Method Investments

The following tables present summarized financial information for the Company's equity method investment in 111 West 57th Partners.  The amounts shown represent 100% of the financial position and results of operations of 111 West 57th Partners for the dates indicated below.

(in thousands)

Assets:	December 31, 2013
Real estate held for development, net	$	263,312
Escrow deposits		43,100
Other assets		18,062
Total assets	$	324,474
Liabilities:
Mortgage payable	$	230,000
Accounts payable		2,767
Total liabilities		232,767
Equity:
Total equity		91,707
Total liabilities and  equity	$	324,474

(in thousands)	June 28, 2013 through December 31, 2013
Rental income	$	1,106
Expenses		2,962
Net income (loss)	$	(1,856	)