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

9 Months Ended

Sep. 30, 2013

Discontinued Operations and Disposal Groups [Abstract]

Schedule of disposal group including discontinued operation

	For the three months					For the nine months
	ended September 30,					ended September 30,
Revenues:	2013			2012		2013			2012
Rental and related revenue	$	—		$	485,000	$	171,000		$	1,415,000
Food & beverage sales		—			1,271,000		1,950,000		$	4,628,000
Marina revenue		—			408,000		382,000		$	1,239,000
Other		—			110,000		—		$	350,000
Total revenue	$	—		$	2,274,000	$	2,503,000		$	7,632,000
Expenses:
Rental operating expenses		—			43,000		97,000			149,000
Food & beverage operation expenses		—			1,127,000		1,430,000			3,840,000
Marina expenses		—			224,000		178,000			641,000
Professional fees		—			45,000		53,000			162,000
Interest expense		—			190,000		190,000			579,000
Depreciation, amortization and other expenses		—			424,000		199,000			1,261,000
Total expenses	$	—		$	2,053,000	$	2,147,000		$	6,632,000
Less: noncontrolling interest sold		—			—		(212,000	)		—
Gain on sale of discontinued operations, net of incentive fee		(34,000	)		—		18,805,000			—
Provision for income tax expense on gain on sale of discontinued ops		(1,626,000	)		—		(2,694,000	)		—
Income from discontinued operations	$	(1,660,000	)	$	221,000	$	16,255,000		$	1,000,000

Schedule of major classes of assets and liabilities associated with the real estate interest held for sale

	September 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 interests 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 interests held for sale	$	—	$	13,384,000