LONG-TERM INVESTMENTS

Long-term investments accounted for at cost:



	September 30, 2014				December 31, 2013
	Carrying		Fair		Carrying		Fair
	Value		Value		Value		Value
Investment partnerships	$	31,541	$	36,735	$	20,041	$	24,095
Real estate partnership	698		1,102		747		1,067
Investments accounted for at cost	$	32,239	$	37,837	$	20,788	$	25,162

The Company contributed an additional $12,000 to Investment Partnerships during the nine months ended September 30, 2014.

Long-term investment partnership accounted for under the equity method:



	September 30, 2014		December 31, 2013
Investment partnership	$	13,977	$	8,595

The Company recorded equity income of $829 and an equity loss of $53 for the three months ended September 30, 2014 and 2013, respectively, related to the limited partnership. The Company recorded equity income of $1,462 and $770 for the nine months ended September 30, 2014 and 2013, respectively, related to the limited partnership.

The carrying value of the investment was approximately $13,977 and $8,595 as of September 30, 2014 and December 31, 2013, respectively, which approximated the investment's fair value.