Investments in Unconsolidated Joint Ventures (Tables)

3 Months Ended

Mar. 31, 2014

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Financial Information for Unconsolidated Joint Ventures

The following tables summarize financial information for our unconsolidated joint ventures (in thousands):

	For the three months ended March 31,
	2014			2013
Revenues:
Rental	$	3,588		$	5,524
Other	911			1,590
Total revenues	4,499			7,114
Expenses:
Rental operating	2,820			3,871
Depreciation and amortization	1,700			1,689
Interest	1,503			2,340
Other	12			—
Total expenses	6,035			7,900
Loss before gain on sale of properties and loss on extinguishment of debts	(1,536		)	(786		)
Gain on sale of properties	—			26,885
Loss on extinguishment of debts	—			(946		)
Net (loss) income	$	(1,536	)	$	25,153
Equity in net (loss) earnings of unconsolidated joint ventures	$	(111	)	$	1,059

	March 31, 2014		December 31, 2013
Investment in real estate, net	$	95,747	$	95,558
Other assets	17,687		18,509
Total assets	$	113,434	$	114,067
Mortgage and other loans	$	81,284	$	81,143
Other liabilities	4,348		4,176
Total liabilities	$	85,632	$	85,319
Investments in unconsolidated joint ventures	$	2,271	$	2,442