XML 30 R19.htm IDEA: XBRL DOCUMENT v3.4.0.3
Equity Investments (Tables)
3 Months Ended
Mar. 31, 2016
Equity Method Investments and Joint Ventures [Abstract]  
Trust's Nominal Ownership Percentages in its Equity Investments

The Trust’s nominal ownership percentages in its equity investments consist of the following at March 31, 2016 and December 31, 2015:

 

Venture Partner

  

Equity Investment

   Nominal % Ownership
at March 31, 2016
    Nominal % Ownership
at December 31, 2015
 

Elad Canada Ltd (1)

   WRT One South State      50.0     50.0
   Lender LP     

Elad Canada Ltd (1)

   WRT-Elad One South State      50.0     50.0
   Equity LP     

Atrium Holding

   RE CDO Management LLC      50.0     50.0

Freed

   Mentor Retail LLC      49.9     49.9

Inland

   Concord Debt Holdings LLC      66.6     66.6

Inland

   CDH CDO LLC      49.6     49.6

Marc Realty

   Atrium Mall LLC      50.0     50.0

New Valley/Witkoff (2)

   701 Seventh WRT Investor LLC      81.0     81.0

RS Summit Pointe (3)

   RS Summit Pointe Apartments LLC      80.0     80.0

Serure/CB High Line (4)

   446 Highline LLC      84.99     83.6

 

(1) The Trust sold its interest in this venture on April 27, 2016.
(2) The Trust’s investment in this venture provides the Trust with a 61.14% effective ownership interest in the underlying property.
(3) The investment was previously consolidated under going concern accounting. See Note 3 “Liquidation Basis of Accounting” for further discussion.
(4) The investment was reclassified as an equity investment as of December 31, 2015 due to a change in exit strategy. The investment was included in investments in real estate in previous filings. The nominal ownership percentage is based on the waterfall provision of the partnership. See Note 3 “Liquidation Basis of Accounting” for further discussion.