Investment in Joint Ventures (Tables)

3 Months Ended

Mar. 31, 2014

Equity Method Investments And Joint Ventures [Abstract]

Summary of Unconsolidated Joint Ventures' Financial Statements

A summary of the unconsolidated joint ventures’ financial statements as of and for the three months ended March 31, 2014 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	$	157,109		$	186,985		$	—
Investment in office building		—			—			4,899
Other assets		5,580			4,803			669
Total Assets	$	162,689		$	191,788		$	5,568
Due to the Company	$	504		$	362		$	—
Mortgages payable		81,680			103,424			6,391
Other liabilities		2,515			2,200			609
Total Liabilities		84,699			105,986			7,000
Unaffiliated partners’ equity (deficiency)		62,392			72,937			(954	)
Company equity (deficiency)		15,598			12,865			(478	)
Total Partners’ Equity (Deficiency)		77,990			85,802			(1,432	)
Total Liabilities and Partners’ Equity (Deficiency)	$	162,689		$	191,788		$	5,568
Income Statement Data:
Total revenues	$	5,452		$	6,887		$	364
Property operating expenses		(1,793	)		(2,596	)		(141	)
Administrative, management and call center fees		(415	)		(512	)		—
Depreciation and amortization of customer list		(962	)		(1,036	)		(57	)
Amortization of financing fees		(46	)		(51	)		(3	)
Income tax expense		(22	)		(100	)		—
Interest expense		(1,073	)		(1,272	)		(97	)
Net income	$	1,141		$	1,320		$	66