Investments In Unconsolidated Joint Ventures And Entities

3 Months Ended

Mar. 31, 2012

Investments In Unconsolidated Joint Ventures And Entities [Abstract]

Investments In Unconsolidated Joint Ventures And Entities

Note 7 – Investments in Unconsolidated Joint Ventures and Entities

     Our investments in unconsolidated joint ventures and entities are accounted for under the equity method of accounting except for Rialto Distribution, which is accounted for as a cost method investment, and, as of March 31, 2012 and December 31, 2011, included the following (dollars in thousands):

				March 31,		December
	Interest			2012		31, 2011
Rialto Distribution	33.3	%	$	--	$	--
Rialto Cinemas	50.0	%		1,697		1,586
205-209 East 57th Street Associates, LLC	25.0	%		33		33
Mt. Gravatt	33.3	%		6,036		6,220
Total investments			$	7,766	$	7,839

     For the three months ended March 31, 2012 and 2011, we recorded our share of equity earnings from our investments in unconsolidated joint ventures and entities as follows (dollars in thousands):

		Three Months Ended
		March 31,
		2012		2011
Rialto Distribution	$	61	$	57
Rialto Cinemas		31		12
205-209 East 57th Street Associates, LLC		--		33
Mt. Gravatt		321		262
Total equity earnings	$	413	$	364