Real Estate Partnerships (Tables)

6 Months Ended

Jun. 30, 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				Six Months Ended
	June 30,				June 30,
	2015		2014		2015		2014
	(In thousands)
OPERATING RESULTS
Revenue	$	4,273	$	4,469	$	9,017	$	9,487
Expenses
Other operating expenses	1,242		1,390		3,371		3,500
Depreciation and amortization	1,237		1,590		2,459		3,077
Interest expense	517		781		1,036		1,620
Total expenses	2,996		3,761		6,866		8,197
Net income	$	1,277	$	708	$	2,151	$	1,290
Our share of net income from real estate partnership	$	423	$	250	$	722	$	463

	June 30,		December 31,
	2015		2014
	(In thousands)
BALANCE SHEETS
Real estate, net	$	147,514	$	149,203
Cash	4,501		2,864
Other assets	5,709		5,346
Total assets	$	157,724	$	157,413
Mortgages payable	$	34,385	$	34,385
Other liabilities	3,201		3,673
Partners’ capital	120,138		119,355
Total liabilities and partners’ capital	$	157,724	$	157,413
Our share of unconsolidated debt	$	10,316	$	10,316
Our investment in real estate partnership	$	32,535	$	32,367