Investments In Unconsolidated Joint Ventures (Tables)

9 Months Ended

Sep. 30, 2011

Investments In Unconsolidated Joint Ventures [Abstract]

Summary Of The Results Of Financial Position

	September 30, 2011
	Plaza		Red Bank		Princeton			Boston-
	VIII & IX	Harborside	Corporate	Gramercy	Forrestal	Gale	12	Downtown	Gale	Combined
	Associates	South Pier	Plaza	Agreement	Village	Kimball	Vreeland	Crossing	Jefferson	Total
Assets:
Rental property, net	$ 8,488	$ 60,937	$ 23,020	$ 39,578	--	--	$ 13,415	--	--	$ 145,438
Other assets	746	12,430	2,791	5,767	$     181	$      44	175	$ 46,080	$ 2,657	70,871
Total assets	$ 9,234	$ 73,367	$ 25,811	$ 45,345	$     181	$      44	$ 13,590	$ 46,080	$ 2,657	$ 216,309
Liabilities and
partners'/members'
capital (deficit):
Mortgages, loans
payable and other
obligations	--	$ 70,964	$ 18,280	$ 50,978	--	--	$  1,752	--	--	$ 141,974
Other liabilities	$    532	4,745	58	1,196	$       61	--	--	--	--	6,592
Partners'/members'
capital (deficit)	8,702	(2,342)	7,473	(6,829)	120	$      44	11,838	$ 46,080	$ 2,657	67,743
Total liabilities and
partners'/members'
capital (deficit)	$ 9,234	$ 73,367	$ 25,811	$ 45,345	$     181	$      44	$ 13,590	$ 46,080	$ 2,657	$ 216,309
Company's
investment
in unconsolidated
joint ventures, net	$ 4,273	$      (70)	$   3,607	--	--	--	$ 10,103	$ 13,015	$ 1,063	$   31,991

	December 31, 2010
	Plaza		Red Bank		Princeton			Boston-
	VIII & IX	Harborside	Corporate	Gramercy	Forrestal	Gale	12	Downtown	Gale	Combined
	Associates	South Pier	Plaza	Agreement	Village	Kimball	Vreeland	Crossing	Jefferson	Total
Assets:
Rental property, net	$ 8,947	$ 64,964	$ 23,594	$ 40,786	--	--	$ 14,081	--	--	$ 152,372
Other assets	906	11,681	6,422	6,261	$  1,435	$      51	734	$ 46,111	$ 2,440	76,041
Total assets	$ 9,853	$ 76,645	$ 30,016	$ 47,047	$  1,435	$      51	$ 14,815	$ 46,111	$ 2,440	$ 228,413
Liabilities and
partners'/members'
capital (deficit):
Mortgages, loans
payable and other
obligations	--	$ 72,168	$ 20,424	$ 50,978	--	--	$   3,161	--	--	$ 146,731
Other liabilities	$    529	4,356	89	1,719	$     612	--	--	--	--	7,305
Partners'/members'
capital (deficit)	9,324	121	9,503	(5,650)	823	$      51	11,654	$ 46,111	$ 2,440	74,377
Total liabilities and
partners'/members'
capital (deficit)	$ 9,853	$ 76,645	$ 30,016	$ 47,047	$  1,435	$      51	$ 14,815	$ 46,111	$ 2,440	$ 228,413
Company's
investment
in unconsolidated
joint ventures, net	$ 4,584	$   1,161	$   4,598	--	--	--	$   9,860	$ 13,022	$    995	$   34,220

Summary Of The Results Of Operations

	Three Months Ended September 30, 2011
		Plaza		Red Bank		Princeton			Boston-
		VIII & IX	Harborside	Corporate	Gramercy	Forrestal	Gale	12	Downtown	Gale	Combined
		Associates	South Pier	Plaza	Agreement	Village	Kimball	Vreeland	Crossing	Jefferson	Total
Total revenues		$    272	$    9,558	$       832	$   1,340	--	--	$     663	--	$     75	$    12,740
Operating and other		(58)	(6,296)	(231)	(968)	--	--	(93)	$    (362)	--	(8,008)
Depreciation and amortization		(154)	(1,415)	(226)	(449)	--	--	(261)	--	--	(2,505)
Interest expense		--	(1,112)	(167)	(384)	--	--	(41)	--	--	(1,704)
Net income		$      60	$        735	$       208	(461)	--	--	$     268	$     (362)	$     75	$          523
Company's equity in earnings
(loss) of unconsolidated
joint ventures		$      31	$        361	$       104	--	--	--	$     134	$     (115)	$     24	$          539

	Three Months Ended September 30, 2010
		Plaza		Red Bank		Princeton			Boston-
		VIII & IX	Harborside	Corporate	Gramercy	Forrestal	Gale	12	Downtown	Gale	Combined
		Associates	South Pier	Plaza	Agreement	Village	Kimball	Vreeland	Crossing	Jefferson	Total
Total revenues		$    221	$    9,916	$       827	$   2,692	$    3,149	$      66	$     603	--	--	$    17,474
Operating and other		(58)	(6,751)	(263)	(1,464)	(1,954)	--	(57)	$    (381)	$     16	(10,912)
Depreciation and amortization		(154)	(1,307)	(225)	(1,106)	(790)	--	(316)	--	--	(3,898)
Interest expense		--	(1,134)	(83)	(606)	(422)	--	(72)	--	--	(2,317)
Net income		$        9	$        724	$        256	$      (484)	$        (17)	$       66	$      158	$     (381)	$     16	$          347
Company's equity in earnings
(loss) of unconsolidated
joint ventures		$        5	$        361	$        128	--	$        (11)	$       22	$        79	$     (114)	$        5	$          475

SUMMARIES OF UNCONSOLIDATED JOINT VENTURES

The following is a summary of the results of operations of the unconsolidated joint ventures for the period in which the Company had investment interests during the nine months ended September 30, 2011 and 2010.  (dollars in thousands)

	Nine Months Ended September 30, 2011
		Plaza		Red Bank		Princeton			Boston-
		VIII & IX	Harborside	Corporate	Gramercy	Forrestal	Gale	12	Downtown	Gale	Combined
		Associates	South Pier	Plaza	Agreement	Village	Kimball	Vreeland	Crossing	Jefferson	Total
Total revenues		$     721	$    28,008	$      2,424	$    4,674	--	--	$   1,653	--	$   217	$     37,697
Operating and other		(160)	(18,860)	(601)	(2,860)	--	--	(145)	$  (1,113)	--	(23,739)
Depreciation and amortization		(460)	(4,254)	(677)	(1,781)	--	--	(892)	--	--	(8,064)
Interest expense		--	(3,357)	(376)	(1,167)	--	--	(129)	--	--	(5,029)
Net income		$     101	$      1,537	$        770	$   (1,134)	--	--	$      487	$  (1,113)	$   217	$          865
Company's equity in earnings
(loss) of unconsolidated
joint ventures		$       51	$         768	$        385	--	--	--	$      243	$     (340)	$     67	$       1,174

	Nine Months Ended September 30, 2010
		Plaza		Red Bank		Princeton			Boston-
		VIII & IX	Harborside	Corporate	Gramercy	Forrestal	Gale	12	Downtown	Gale	Combined
		Associates	South Pier	Plaza	Agreement	Village	Kimball	Vreeland	Crossing	Jefferson	Total
Total revenues		$     673	$    24,300	$      3,407	$  17,200	$    9,577	$     188	$   1,593	--	--	$     56,938
Operating and other		(154)	(17,627)	(694)	(4,453)	(5,515)	--	(147)	$     (890)	$ (136)	(29,616)
Depreciation and amortization		(460)	(3,742)	(676)	(3,058)	(2,509)	--	(947)	--	--	(11,392)
Interest expense		--	(3,320)	(252)	(1,887)	(1,274)	--	(211)	--	--	(6,944)
Net income		$       59	$        (389)	$      1,785	$    7,802	$       279	$     188	$      288	$     (890)	$ (136)	$       8,986
Company's equity in earnings
(loss) of unconsolidated
joint ventures		$       30	$        (267)	$         511	--	$         36	$       64	$      144	$     (267)	$   (38)	$          213