Real Estate Partnerships (Tables)

9 Months Ended

Sep. 30, 2013

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 September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012
	(In thousands)
OPERATING RESULTS
Revenue	$	4,642	$	4,772	$	14,215	$	14,070
Expenses
Other operating expenses	1,321		1,242		4,456		3,809
Depreciation and amortization	1,369		1,372		4,099		4,123
Interest expense	840		844		2,523		2,533
Total expenses	3,530		3,458		11,078		10,465
Net income	$	1,112	$	1,314	$	3,137	$	3,605
Our share of net income from real estate partnership	$	381	$	490	$	1,065	$	1,286

	September 30,		December 31,
	2013		2012
	(In thousands)
BALANCE SHEETS
Real estate, net	$	171,896	$	174,509
Cash	3,452		2,735
Other assets	5,782		5,536
Total assets	$	181,130	$	182,780
Mortgages payable	$	56,982	$	57,155
Other liabilities	3,809		4,771
Partners’ capital	120,339		120,854
Total liabilities and partners’ capital	$	181,130	$	182,780
Our share of unconsolidated debt	$	17,095	$	17,147
Our investment in real estate partnership	$	32,971	$	33,169