Real Estate Joint Ventures (Tables)

9 Months Ended

Sep. 30, 2016

Equity Method Investments and Joint Ventures [Abstract]

Summarized Balance Sheets for Unconsolidated Investments

Summarized financial information for ALP is as follows:

	September 30, 2016		December 31, 2015
Cash and cash equivalents	$	12,796	$	13,760
Other assets	59		58
Total assets	$	12,855	$	13,818
Accounts payable and other liabilities	$	1,535	$	1,978
Equity(1)	11,320		11,840
Total liabilities and equity	$	12,855	$	13,818

(1) In 2008 the Company wrote-off its investment in ALP as a result of ALP reserving its assets to satisfy potential claims and obligations in accordance with its publicly reported liquidation basis of accounting. Subsequently, ALP changed its method of accounting to a going concern basis and reinstated its equity and stated it would report certain expenses as they are incurred. The Company has not recorded any additional equity income as a result of ALP’s change in accounting.