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

12 Months Ended

Dec. 31, 2013

Discontinued Operations and Disposal Groups [Abstract]

Schedule of results of operations for the real estate interests, discontinued operations

	For the year
	ended December 31,
Revenues:	2013			2012
Rental and related revenue	$	171,000		$	1,802,000
Food & beverage sales		1,950,000		$	6,179,000
Marina revenue		382,000		$	1,657,000
Other		—		$	430,000
Total revenue	$	2,503,000		$	10,068,000
Expenses:
Rental operating expenses		97,000			550,000
Food & beverage operation expenses		1,430,000			5,150,000
Marina expenses		178,000			959,000
Professional fees		53,000			227,000
Interest expense		190,000			769,000
Depreciation, amortization and other expenses		199,000			1,291,000
Total expenses	$	2,147,000		$	8,946,000
Less: noncontrolling interest sold		(212,000	)		—
Gain on sale of discontinued operations, net of incentive fee		18,803,000			—
Provision for income tax expense on gain on sale of discontinued operations		(2,508,000	)		—
Income from discontinued operations	$	16,439,000		$	1,122,000

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

	December 31, 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