Real Estate Partnerships (Tables)

9 Months Ended

Sep. 30, 2012

Equity Method Investments and Joint Ventures [Abstract]

Summarized Operating Results And Financial Position Of Partnership

The following tables provide summarized operating results and the financial position of the Partnership:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2012		2011		2012		2011
	(In thousands)
OPERATING RESULTS
Revenue	$	4,772	$	4,743	$	14,070	$	14,387
Expenses
Other operating expenses	1,242		1,276		3,809		4,260
Depreciation and amortization	1,372		1,296		4,123		3,864
Interest expense	844		846		2,533		2,542
Total expenses	3,458		3,418		10,465		10,666
Net income	$	1,314	$	1,325	$	3,605	$	3,721
Our share of net income from real estate partnership	$	490	$	452	$	1,286	$	1,253

	September 30,		December 31,
	2012		2011
	(In thousands)
BALANCE SHEETS
Real estate, net	$	175,369	$	178,693
Cash	4,320		3,035
Other assets	5,391		6,116
Total assets	$	185,080	$	187,844
Mortgages payable	$	57,212	$	57,376
Other liabilities	4,303		5,391
Partners’ capital	123,565		125,077
Total liabilities and partners’ capital	$	185,080	$	187,844
Our share of unconsolidated debt	$	17,164	$	17,213
Our investment in real estate partnership	$	33,871	$	34,352