Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
ASSETS
Investments in real estate, net	$ 212,721	$ 213,808
Cash and cash equivalents	13,392	15,364
Restricted cash	3,772	4,249
Rents and other receivables, net	1,257	1,047
Deferred rents	3,982	3,857
Intangible assets, net	7,085	7,273
Other assets, net	1,751	1,420
Goodwill	39,111	39,111
Investments in unconsolidated joint ventures	2,271	2,442
Total assets	285,342	288,571
LIABILITIES AND EQUITY (DEFICIT)
Mortgage and other loans, net	297,309	297,400
Unsecured notes payable to related parties	29,433	21,104
Accounts payable and other liabilities	33,423	32,001
Accrued interest on unsecured notes payable to related parties	10,750	10,149
Tax Indemnity Accrual	0	8,725
Acquired below-market leases, net	3,659	3,724
Total liabilities	374,574	373,103
Commitments and contingencies (Note 10)
Equity (cumulative deficit):
Preferred Stock, $0.0001 par value per share, 100,000,000 shares authorized, one share of Proportionate Voting Preferred Stock issued and outstanding at March 31, 2014 and December 31, 2013	0	0
Additional paid-in capital	110	110
Cumulative deficit	(167,252)	(166,225)
Total stockholders’ equity (deficit)	(145,498)	(144,471)
Non-controlling interests:
Total equity (deficit)	(89,232)	(84,532)
Total liabilities and equity (deficit)	285,342	288,571
Senior Common Stock
Equity (cumulative deficit):
Common Stock	21,459	21,459
Class A Common Stock
Equity (cumulative deficit):
Common Stock	185	185
Class B Common Stock
Equity (cumulative deficit):
Common Stock	0	0
Preferred Units of Operating Partnership
Non-controlling interests:
Unitholders in the Operating Partnership	127,268	127,268
Common Units of Operating Partnership
Non-controlling interests:
Unitholders in the Operating Partnership	$ (71,002)	$ (67,329)