Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of Tax Characterization of Dividends [Table Text Block]

For the years ended December 31, 2016, 2015, and 2014, distributions paid per share were taxable as follows (unaudited/rounded):



	Years Ended December 31,
	2016				2015				2014
	Amount		Percentage		Amount		Percentage		Amount		Percentage
Ordinary income	$	0.81	31.2	%	$	1.08	41.7	%	$	0.82	31.7	%
Capital gain	0.51		19.6	%	0.78		30.1	%	0.64		24.6	%
Return of capital	1.28		49.2	%	0.74		28.2	%	1.14		43.7	%
Total distributions declared	$	2.60	100.0	%	$	2.60	100.0	%	$	2.60	100.0	%

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The components of our provision for income taxes attributable to continuing operations for the year ended December 31, 2016 are as follows (amounts in thousands):



	Year Ended December 31, 2016
Federal
Current	$	187
State and Local
Current	438
Foreign
Current	58
Deferred	(400		)
	(342		)

Total Provision	$	283

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

A reconciliation of the provision for income taxes with the amount computed by applying the statutory federal income tax rate to income before provision for income taxes for the year ended December 31, 2016 is as follows (amounts in thousands):



	Year Ended December 31, 2016
Pre-tax income (loss) attributable to taxable subsidiaries	$	(11,157	)

Federal provision (benefit) at statutory tax rate (34%)	(3,794		)	34.0	%
State and local taxes, net of federal benefit	(183		)	1.6	%
Alternative minimum tax	93			(0.8	)%
Rate differential	104			(0.9	)%
Change in valuation allowance	4,021			(36.0	)%
Others	(225		)	2.0	%
Tax provision - taxable subsidiaries	16			(0.1	)%
Other state taxes - flow through subsidiaries	267
Total provision	$	283

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]



	As of December 31,
	2016			2015
Deferred Tax Assets
Net operating loss carryforwards	$	30,821		$	31,096
Real estate assets	33,167			27,315
Other	1,746			1,430
Gross deferred tax assets	65,734			59,841
Valuation allowance	(63,862		)	(59,841		)
Net deferred tax assets	1,872			—

Deferred Tax Liabilities
Basis differences - foreign investment	(23,816		)	—
Gross deferred tax liabilities	(23,816		)	—

Net Deferred Tax Liability ⁽¹⁾	$	(21,944	)	$	—