INVESTMENT IN JOINT VENTURES (Tables)

9 Months Ended

Sep. 30, 2012

Summary of the Unconsolidated Joint Ventures' Financial Statements

A summary of the unconsolidated joint ventures’ financial statements as of and for the nine months ended September 30, 2012 is as follows:

(dollars in thousands)	Sovran HHF Storage Holdings LLC			Sovran HHF Storage Holdings II LLC			Iskalo Office Holdings, LLC
Balance Sheet Data:
Investment in storage facilities, net	$	160,556		$	190,986		$	—
Investment in office building		—			—			5,182
Other assets		5,007			4,517			611
Total Assets	$	165,563		$	195,503		$	5,793
Due to the Company	$	321		$	336		$	—
Mortgages payable		64,790			104,444			6,636
Other liabilities		3,228			2,174			720
Total Liabilities		68,339			106,954			7,356
Unaffiliated partners’ equity (deficiency)		77,779			75,206			(1,070	)
Company equity (deficiency)		19,445			13,343			(493	)
Total Partners’ Equity (deficiency)		97,224			88,549			(1,563	)
Total Liabilities and Partners’ Equity (deficiency)	$	165,563		$	195,503		$	5,793
Income Statement Data:
Total revenues	$	14,709		$	17,351		$	836
Depreciation and amortization		(2,770	)		(3,972	)		(175	)
Other expenses		(9,520	)		(12,780	)		(642	)
Net income	$	2,419		$	599		$	19