8. DISCONTINUED OPERATIONS AND REAL ESTATE INTERESTS HELD FOR SALE (Tables)

6 Months Ended

Jun. 30, 2013

	For the three months				For the six months
	ended June 30,				ended June 30,
	2013		2012		2013			2012
Revenues:
Rental and related revenue	$	—	$	471,000	$	171,000		$	930,000
Food & beverage sales		—		1,611,000		1,950,000		$	3,357,000
Marina revenue		—		419,000		382,000		$	831,000
Other		—		119,000		—		$	240,000
Total revenue	$	—	$	2,620,000	$	2,503,000		$	5,358,000

Expenses:
Rental operating expenses		—		10,000		97,000			60,000
Food & beverage operation expenses		—		1,363,000		1,430,000			2,770,000
Marina expenses		—		372,000		178,000			586,000
Professional fees		—		81,000		53,000			117,000
Interest expense		—		194,000		190,000			389,000
Depreciation, amortization and other expenses		—		288,000		199,000			659,000
Total expenses	$	—	$	2,308,000	$	2,147,000		$	4,581,000

Less: noncontrolling interest sold		—		—		(212,000	)		—

Gain on sale of discontinued operations		313,000		—		18,839,000			—

Benefit from (provision for) income tax expense on gain on sale of discontinued ops		296,000		—		(1,068,000	)		—
Income from discontinued operations	$	609,000	$	312,000	$	17,915,000		$	777,000

	June 30, 2013		December 31, 2012
Grove Isle Spa remaining interest	$	—	$	1,434,000
Grove Isle land, hotel, club building and marina		—		1,801,000
Grove Isle other assets		—		222,000
Bayshore Restaurant, marina and retail offices		—		7,822,000
Bayshore goodwill		—		5,629,000
Bayshore other receivables		—		206,000
Bayshore other assets		—		985,000
Assets associated with real estate interest held for sale	$	—	$	18,099,000

Grove Isle mortgage note payable	$	—	$	2,696,000
Grove Isle accrued and other liabilities		—		23,000
Bayshore mortgage note payable		—		8,190,000
Bayshore interest rate swap contract payable		—		1,965,000
Bayshore accrued and other liabilities		—		510,000
Obligations associated with real estate interest held for sale	$	—	$	13,384,000