5. OTHER INVESTMENTS

As of September 30, 2015, the Company’s portfolio of other investments had an aggregate carrying value of approximately $3.8 million and we have committed to fund approximately $2.7 million as required by agreements with the investees. The carrying value of these investments is equal to contributions less distributions and loss valuation adjustments, if any.

During the nine months ended September 30, 2015, we made contributions to other investments of approximately $1.3 million primarily in two new real estate investments and two new private equity funds investing in diversified businesses. The real estate investments consisted of one for $300,000 in a real estate partnership owning residential rental property in San Antonio, Texas and the other for $100,000 is a real estate partnership owning a second mortgage on a property located in Miami, Florida. The private equity fund investments consisted of one for $500,000 commitment of which $225,000 was funded, and another private equity fund for $300,000 which was fully funded.

During the nine months ended September 30, 2015, we received distributions from other investments of approximately $1.5 million primarily from two real estate investments which sold property. We received $686,000 from our investment in a commercial building located near the Company’s offices purchased in 2005 with a carrying value of $39,000 as of September 30, 2015. We also received $131,000 from our investment in a partnership which sold its rental property in Miami, Florida and distributed the sales proceeds in February 2015, and in September 2015 we received $124,000 proceeds from our investment in a real estate partnership owning a second mortgage (as mentioned above). Additionally, we received approximately $540,000 in cash distributions from various other investments during the nine months ended September 30, 2015.

Net income from other investments for the three and nine months ended September 30, 2015 and 2014, is summarized below:

	Three months ended				Nine months ended
	September 30,				September 30,
Description	2015		2014		2015		2014
Partnerships owning diversified businesses	$	73,000	$	14,000	$	132,000	$	91,000
Partnerships owning real estate and related		18,000		-		120,000		1,000
Income from investment in 49% owned affiliate (T.G.I.F. Texas, Inc.)		1,000		16,000		17,000		23,000
Total net income from other investments (excluding other than temporary impairment losses)	$	92,000	$	30,000	$	269,000	$	115,000

The following tables present gross unrealized losses and fair values for those investments that were in an unrealized loss position as of September 30, 2015 and December 31, 2014, aggregated by investment category and the length of time that investments have been in a continuous loss position:

	As of September 30, 2015
	12 Months or Less				Greater than 12 Months				Total
Investment Description	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
Partnerships owning investments in technology related industries	$	—	$	—	$	5,000	$	(11,000)	$	5,000	$	(11,000)
Partnerships owning diversified businesses investments		455,000		(45,000)		—		—		455,000		(45,000)
Partnerships owning real estate and related investments		95,000		(14,000)		—		—		95,000		(14,000)
Other (private banks, etc.)		286,000		(14,000)		242,000		(8,000)		528,000		(22,000)
Total	$	836,000	$	(73,000)	$	247,000	$	(19,000)	$	1,083,000	$	(92,000)

	As of December 31, 2014
	12 Months or Less				Greater than 12 Months				Total
	Fair		Unrealized		Fair		Unrealized				Unrealized
Investment Description	Value		Loss		Value		Loss		Fair Value		Loss
Partnerships owning investments in technology related industries	$	—	$	—	$	5,000	$	(11,000)	$	5,000	$	(11,000)
Partnerships owning diversified businesses investments		190,000		(10,000)		—		—		190,000		(10,000)
Partnerships owning real estate and related investments		45,000		(30,000)		—		—		45,000		(30,000)
Other (private banks, etc.)		242,000		(8,000)						242,000		(8,000)
Total	$	477,000	$	(48,000)	$	5,000	$	(11,000)	$	482,000	$	(59,000)

When evaluating the investments for other-than-temporary impairment, the Company reviews factors such as the length of time and extent to which fair value has been below cost basis, the financial condition of the issuer and any changes thereto, and the Company’s intent to sell, or whether it is more likely than not it will be required to sell, the investment before recovery of the investment’s amortized cost basis.

In accordance with ASC Topic 320-10-65, Recognition and Presentation of Other-Than-Temporary Impairments (“OTTI”) there were no OTTI impairment valuation adjustments for the three and nine months ended September 30, 2015. The Company recorded approximately $11,000 in OTTI impairment valuation adjustment for the three and nine months ended September 30, 2014.