Real Estate Partnerships (Tables)

3 Months Ended

Mar. 31, 2015

Equity Method Investments and Joint Ventures [Abstract]

Summarized operating results and financial position of the Partnership

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

	Three Months Ended
	March 31,
	2015		2014
	(In thousands)
OPERATING RESULTS
Revenue	$	4,744	$	5,018
Expenses
Other operating expenses	2,129		2,110
Depreciation and amortization	1,222		1,487
Interest expense	519		839
Total expenses	3,870		4,436
Net income	$	874	$	582
Our share of net income from real estate partnership	$	299	$	213

	March 31,		December 31,
	2015		2014
	(In thousands)
BALANCE SHEETS
Real estate, net	$	148,314	$	149,203
Cash	3,765		2,864
Other assets	5,530		5,346
Total assets	$	157,609	$	157,413
Mortgages payable	$	34,385	$	34,385
Other liabilities	3,711		3,673
Partners’ capital	119,513		119,355
Total liabilities and partners’ capital	$	157,609	$	157,413
Our share of unconsolidated debt	$	10,316	$	10,316
Our investment in real estate partnership	$	32,410	$	32,367