the management agreement with prism had an original term of ten years and can be terminated at any time with or without cause by the partnership . effective january 2014 , the management agreement with prism was amended by the partnership to change the nature of the services provided by prism and the compensation payable to prism , among other things . prism 's management agreement was terminated upon its expiration date of february 3 , 2017. effective december 1 , 2013 , gmp management , inc. ( “ gmp ” ) , a company owned by a justice limited partner and a related party , began to provide management services for the partnership pursuant to a management services agreement with a term of three years , subject to the partnership 's right to terminate earlier , for cause . in june 2016 , gmp resigned . after a lengthy review process of several national third-party hotel management companies , on february 1 , 2017 , justice entered into a hotel management agreement ( “ hma ” ) with interstate management company , llc ( “ interstate ” ) to manage the hotel with an effective takeover date of february 3 , 2017. the term of management agreement is for an initial period of 10 years commencing on the takeover date and automatically renews for an additional year not to exceed five years in the aggregate subject to certain conditions . the hma also provides for interstate to advance a key money incentive fee to the hotel for capital improvements in the amount of $ 2,000,000 under certain terms and conditions described in a separate key money agreement . the parking garage that is part of the hotel property was managed by ace parking pursuant to a contract with the partnership . the contract was terminated with an effective termination date of october 4 , 2016. the company began managing the parking garage in-house after the termination of ace parking . effective february 3 , 2017 , interstate took over the management of the parking garage along with the hotel . in addition to the operations of the hotel , the company also generates income from the ownership and management of real estate . properties include fifteen apartment complexes , one commercial real estate property , and three single-family houses as strategic investments . the properties are located throughout the united states , but are concentrated in texas and southern california . the company also has an investment in unimproved real property . the company acquires its investments in real estate and other investments utilizing cash , securities or debt , subject to approval or guidelines of the board of directors . the company also invests in income-producing instruments , equity and debt securities and will consider other investments if such investments offer growth or profit potential . fiscal year ended june 30 , 2017 compared to fiscal year ended june 30 , 2016 the company had a net loss of $ 1,676,000 for the year ended june 30 , 2017 compared to a net loss of $ 9,267,000 for the year ended june 30 , 2016. the change is primarily the result of the significant reduction legal settlement costs at the hotel and reduced hotel operating expenses and the lower loss on marketable securities . hotel operations the company had net income from hotel operations of $ 3,494,000 for the year ended june 30 , 2017 compared to net loss of $ 4,430,000 for the year ended june 30 , 2016. the change to net income from a net loss from hotel operations as noted above was primarily attributable to the absence of legal settlement costs of $ 5,396,000 for the year ended june 30 , 2017 and the reduction of hotel operating expenses of $ 6,529,000 , partially offset by the decrease in hotel revenues of $ 4,232,000 . 23 the following table sets forth a more detailed presentation of hotel operations for the years ended june 30 , 2017 and 2016. replace_table_token_4_th for the year ended june 30 , 2017 , the hotel generated operating income of $ 13,617,000 before non-recurring charges and interest and depreciation and amortization on total operating revenues of $ 54,334,000 compared to operating income of $ 11,320,000 before non-recurring charges and interest and depreciation and amortization on total operating revenues of $ 58,566,000 for the year ended june 30 , 2016. room revenues decreased by $ 2,196,000 for the year ended june 30 , 2017 compared to the year ended june 30 , 2016 primarily as a result of decline in group revenue . food and beverage revenue decreased by $ 1,599,000 for the year ended june 30 , 2017 compared to the year ended june 30 , 2016 due to lack of revenue contribution from groups while garage revenue remained relatively consistent , year over year . operating expenses decreased by $ 6,529,000 for the year ended june 30 , 2017 to $ 40,717,000 compared to the year ended june 30 , 2016 of $ 47,246,000 primarily as a result of reduced legal expense , general and administrative expense and management fees . the following table sets forth the average daily room rate , average occupancy percentage and room revenue per available room ( “ revpar ” ) of the hotel for the year ended june 30 , 2017 and 2016. replace_table_token_5_th due to the expansion and improvement project at the moscone center , which is the largest convention and exhibition complex in san francisco , the san francisco market has seen a steep decline in group business for the year ended june 30 , 2017. the expansion and improvement project is scheduled to be completed by december 2018. we expect to receive a special benefit of increased hoteloccupancy , rates and overall hotel property value upon project completion . story_separator_special_tag for the year ended june 30 , 2017 , the group business that the hotel had captured was at a lower rate than last year due to larger hotels needing to fill rooms thus driving the group adr down . the hotel 's average daily rate decreased by $ 7 , compared to the year ended june 30 , 2016 , while occupancy decreased by 1 % . as a result , the hotel 's revpar was $ 10 lower than the prior year . 24 our highest priority is guest satisfaction . we believe that enhancing the guest experience differentiates the hotel from our competition and is critical to the hotel 's objective of building sustainable guest loyalty . in order to make a large impact on guest experience , the hotel will continue training team members on hilton brand standards and guest satisfaction , hiring and retaining talents in key operations , and enhancing the arrival experience . as previously discussed , gmp management resigned in june 2016 and the hotel is being managed by interstate since february 2017. we believe that enhancing the hotel 's technology is critical and to that end , are currently working with all hilton approved vendors to upgrade all technical aspects of the hotel and the implementation of state-of-the-art systems that will set us apart from our competitors . we have made ten additional rooms available by eliminating the justice 's offices from the hotel and relocating the accounting department to administrative space and eliminated the unprofitable wellness center that was added by previous management . we anticipate that the additional ten rooms will be placed into service within the fiscal year ending june 30 , 2018. we are also in the planning stages of reconfiguring our lobby , restaurant and bar space to bring the restaurant and bar to the front of the property where it will have street visibility and be more accessible . additionally , the fitness center which is occupying the equivalent of five rooms and the executive lounge which is occupying the equivalent of four rooms , will be relocated to a different area within the hotel . the nine equivalent rooms will be placed back into service . part of this renovation will be funded by the hotel 's ff & e reserve account with our lender as well as the $ 2,000,000 key money incentive provided by interstate . real estate operations revenue from real estate operations increased to $ 14,671,000 for the year ended june 30 , 2017 from $ 14,332,000 for the year ended june 30 , 2016 primarily as the result of increased rental rates . real estate operating expenses increased to $ 7,166,000 from $ 6,790,000 as the result of higher repairs and maintenance expenses . management continues to review and analyze the company 's real estate operations to improve occupancy and rental rates and to reduce expenses and improve efficiencies . investment transactions the company had a net loss on marketable securities of $ 3,496,000 for the year ended june 30 , 2017 compared to a net loss on marketable securities of $ 7,189,000 for the year ended june 30 , 2016. for the year ended june 30 , 2017 , the company had an unrealized loss of $ 4,517,000 related to the company 's investment in the common stock of comstock mining inc. ( “ comstock ” - nyse mkt : lode ) . for the year ended june 30 , 2016 , the company had an unrealized loss of $ 5,716,000 related to the company 's investment in the common stock of comstock . as of june 30 , 2017 , and 2016 , investments in comstock represent approximately 28 % and 65 % , respectively , of the company 's investment portfolio . for the year ended june 30 , 2017 , the company had a net realized gain of $ 356,000 and a net unrealized loss of $ 3,852,000. for the year ended june 30 , 2016 , the company had a net realized loss of $ 990,000 and a net unrealized loss of $ 6,199,000. gains and losses on marketable securities may fluctuate significantly from period to period in the future and could have a significant impact on the company 's results of operations . however , the amount of gain or loss on marketable securities for any given period may have no predictive value and variations in amount from period to period may have no analytical value . for a more detailed description of the composition of the company 's marketable securities see the marketable securities section below . during the years ended june 30 , 2017 and 2016 , the company performed an impairment analysis of its other investments and determined that its investments had an other than temporary impairment and recorded impairment losses of $ 178,000 and $ 673,000 , respectively the company and its subsidiaries , portsmouth and santa fe , compute and file income tax returns and prepare discrete income tax provisions for financial reporting . the income tax ( expense ) benefit during the year ended june 30 , 2017 and 2016 represents primarily the combined income tax effect of portsmouth 's pretax income ( loss ) which includes its share in net income ( loss ) from the hotel and the pre-tax income ( loss ) from intergroup ( standalone ) . marketable securities and other investments as of june 30 , 2017 , and 2016 , the company had investments in marketable equity securities of $ 17,177,000 and $ 14,282,000 , respectively . the following table shows the composition of the company 's marketable securities portfolio by selected industry groups as : 25 replace_table_token_6_th replace_table_token_7_th the company 's investment portfolio is diversified with 69 different equity positions the company holds two equity securities that comprised more than 10 % of the equity value of the portfolio . the largest security position represents 27.6 % of the portfolio

financial condition and liquidity the company 's cash flows are primarily generated from its hotel operations , and general partner management fees and limited partnership distributions from justice investors , its real estate operations and from the investment of its cash in marketable securities and other investments . 26 on december 18 , 2013 , the partnership completed an offer to redeem any and all limited partnership interests not held by portsmouth . as a result , portsmouth , which prior to the offer to redeem owned 50 % of the then outstanding limited partnership interests now controls approximately 93 % of the voting interest in justice and is now its sole general partner . to fund redemption of limited partnership interests and to repay the prior mortgage , justice obtained a $ 97,000,000 mortgage loan and a $ 20,000,000 mezzanine loan . the mortgage loan is secured by the partnership 's principal asset , the hotel . the mortgage loan initially bears an interest rate of 5.275 % per annum and matures in january 2024. as additional security for the mortgage loan , there is a limited guaranty executed by the company in favor of mortgage lender . the mezzanine loan is a secured by the operating membership interest held by mezzanine and is subordinated to the mortgage loan .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```financial condition and liquidity the company 's cash flows are primarily generated from its hotel operations , and general partner management fees and limited partnership distributions from justice investors , its real estate operations and from the investment of its cash in marketable securities and other investments . 26 on december 18 , 2013 , the partnership completed an offer to redeem any and all limited partnership interests not held by portsmouth . as a result , portsmouth , which prior to the offer to redeem owned 50 % of the then outstanding limited partnership interests now controls approximately 93 % of the voting interest in justice and is now its sole general partner . to fund redemption of limited partnership interests and to repay the prior mortgage , justice obtained a $ 97,000,000 mortgage loan and a $ 20,000,000 mezzanine loan . the mortgage loan is secured by the partnership 's principal asset , the hotel . the mortgage loan initially bears an interest rate of 5.275 % per annum and matures in january 2024. as additional security for the mortgage loan , there is a limited guaranty executed by the company in favor of mortgage lender . the mezzanine loan is a secured by the operating membership interest held by mezzanine and is subordinated to the mortgage loan .
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 Suspicious Activity Report : the management agreement with prism had an original term of ten years and can be terminated at any time with or without cause by the partnership . effective january 2014 , the management agreement with prism was amended by the partnership to change the nature of the services provided by prism and the compensation payable to prism , among other things . prism 's management agreement was terminated upon its expiration date of february 3 , 2017. effective december 1 , 2013 , gmp management , inc. ( “ gmp ” ) , a company owned by a justice limited partner and a related party , began to provide management services for the partnership pursuant to a management services agreement with a term of three years , subject to the partnership 's right to terminate earlier , for cause . in june 2016 , gmp resigned . after a lengthy review process of several national third-party hotel management companies , on february 1 , 2017 , justice entered into a hotel management agreement ( “ hma ” ) with interstate management company , llc ( “ interstate ” ) to manage the hotel with an effective takeover date of february 3 , 2017. the term of management agreement is for an initial period of 10 years commencing on the takeover date and automatically renews for an additional year not to exceed five years in the aggregate subject to certain conditions . the hma also provides for interstate to advance a key money incentive fee to the hotel for capital improvements in the amount of $ 2,000,000 under certain terms and conditions described in a separate key money agreement . the parking garage that is part of the hotel property was managed by ace parking pursuant to a contract with the partnership . the contract was terminated with an effective termination date of october 4 , 2016. the company began managing the parking garage in-house after the termination of ace parking . effective february 3 , 2017 , interstate took over the management of the parking garage along with the hotel . in addition to the operations of the hotel , the company also generates income from the ownership and management of real estate . properties include fifteen apartment complexes , one commercial real estate property , and three single-family houses as strategic investments . the properties are located throughout the united states , but are concentrated in texas and southern california . the company also has an investment in unimproved real property . the company acquires its investments in real estate and other investments utilizing cash , securities or debt , subject to approval or guidelines of the board of directors . the company also invests in income-producing instruments , equity and debt securities and will consider other investments if such investments offer growth or profit potential . fiscal year ended june 30 , 2017 compared to fiscal year ended june 30 , 2016 the company had a net loss of $ 1,676,000 for the year ended june 30 , 2017 compared to a net loss of $ 9,267,000 for the year ended june 30 , 2016. the change is primarily the result of the significant reduction legal settlement costs at the hotel and reduced hotel operating expenses and the lower loss on marketable securities . hotel operations the company had net income from hotel operations of $ 3,494,000 for the year ended june 30 , 2017 compared to net loss of $ 4,430,000 for the year ended june 30 , 2016. the change to net income from a net loss from hotel operations as noted above was primarily attributable to the absence of legal settlement costs of $ 5,396,000 for the year ended june 30 , 2017 and the reduction of hotel operating expenses of $ 6,529,000 , partially offset by the decrease in hotel revenues of $ 4,232,000 . 23 the following table sets forth a more detailed presentation of hotel operations for the years ended june 30 , 2017 and 2016. replace_table_token_4_th for the year ended june 30 , 2017 , the hotel generated operating income of $ 13,617,000 before non-recurring charges and interest and depreciation and amortization on total operating revenues of $ 54,334,000 compared to operating income of $ 11,320,000 before non-recurring charges and interest and depreciation and amortization on total operating revenues of $ 58,566,000 for the year ended june 30 , 2016. room revenues decreased by $ 2,196,000 for the year ended june 30 , 2017 compared to the year ended june 30 , 2016 primarily as a result of decline in group revenue . food and beverage revenue decreased by $ 1,599,000 for the year ended june 30 , 2017 compared to the year ended june 30 , 2016 due to lack of revenue contribution from groups while garage revenue remained relatively consistent , year over year . operating expenses decreased by $ 6,529,000 for the year ended june 30 , 2017 to $ 40,717,000 compared to the year ended june 30 , 2016 of $ 47,246,000 primarily as a result of reduced legal expense , general and administrative expense and management fees . the following table sets forth the average daily room rate , average occupancy percentage and room revenue per available room ( “ revpar ” ) of the hotel for the year ended june 30 , 2017 and 2016. replace_table_token_5_th due to the expansion and improvement project at the moscone center , which is the largest convention and exhibition complex in san francisco , the san francisco market has seen a steep decline in group business for the year ended june 30 , 2017. the expansion and improvement project is scheduled to be completed by december 2018. we expect to receive a special benefit of increased hoteloccupancy , rates and overall hotel property value upon project completion . story_separator_special_tag for the year ended june 30 , 2017 , the group business that the hotel had captured was at a lower rate than last year due to larger hotels needing to fill rooms thus driving the group adr down . the hotel 's average daily rate decreased by $ 7 , compared to the year ended june 30 , 2016 , while occupancy decreased by 1 % . as a result , the hotel 's revpar was $ 10 lower than the prior year . 24 our highest priority is guest satisfaction . we believe that enhancing the guest experience differentiates the hotel from our competition and is critical to the hotel 's objective of building sustainable guest loyalty . in order to make a large impact on guest experience , the hotel will continue training team members on hilton brand standards and guest satisfaction , hiring and retaining talents in key operations , and enhancing the arrival experience . as previously discussed , gmp management resigned in june 2016 and the hotel is being managed by interstate since february 2017. we believe that enhancing the hotel 's technology is critical and to that end , are currently working with all hilton approved vendors to upgrade all technical aspects of the hotel and the implementation of state-of-the-art systems that will set us apart from our competitors . we have made ten additional rooms available by eliminating the justice 's offices from the hotel and relocating the accounting department to administrative space and eliminated the unprofitable wellness center that was added by previous management . we anticipate that the additional ten rooms will be placed into service within the fiscal year ending june 30 , 2018. we are also in the planning stages of reconfiguring our lobby , restaurant and bar space to bring the restaurant and bar to the front of the property where it will have street visibility and be more accessible . additionally , the fitness center which is occupying the equivalent of five rooms and the executive lounge which is occupying the equivalent of four rooms , will be relocated to a different area within the hotel . the nine equivalent rooms will be placed back into service . part of this renovation will be funded by the hotel 's ff & e reserve account with our lender as well as the $ 2,000,000 key money incentive provided by interstate . real estate operations revenue from real estate operations increased to $ 14,671,000 for the year ended june 30 , 2017 from $ 14,332,000 for the year ended june 30 , 2016 primarily as the result of increased rental rates . real estate operating expenses increased to $ 7,166,000 from $ 6,790,000 as the result of higher repairs and maintenance expenses . management continues to review and analyze the company 's real estate operations to improve occupancy and rental rates and to reduce expenses and improve efficiencies . investment transactions the company had a net loss on marketable securities of $ 3,496,000 for the year ended june 30 , 2017 compared to a net loss on marketable securities of $ 7,189,000 for the year ended june 30 , 2016. for the year ended june 30 , 2017 , the company had an unrealized loss of $ 4,517,000 related to the company 's investment in the common stock of comstock mining inc. ( “ comstock ” - nyse mkt : lode ) . for the year ended june 30 , 2016 , the company had an unrealized loss of $ 5,716,000 related to the company 's investment in the common stock of comstock . as of june 30 , 2017 , and 2016 , investments in comstock represent approximately 28 % and 65 % , respectively , of the company 's investment portfolio . for the year ended june 30 , 2017 , the company had a net realized gain of $ 356,000 and a net unrealized loss of $ 3,852,000. for the year ended june 30 , 2016 , the company had a net realized loss of $ 990,000 and a net unrealized loss of $ 6,199,000. gains and losses on marketable securities may fluctuate significantly from period to period in the future and could have a significant impact on the company 's results of operations . however , the amount of gain or loss on marketable securities for any given period may have no predictive value and variations in amount from period to period may have no analytical value . for a more detailed description of the composition of the company 's marketable securities see the marketable securities section below . during the years ended june 30 , 2017 and 2016 , the company performed an impairment analysis of its other investments and determined that its investments had an other than temporary impairment and recorded impairment losses of $ 178,000 and $ 673,000 , respectively the company and its subsidiaries , portsmouth and santa fe , compute and file income tax returns and prepare discrete income tax provisions for financial reporting . the income tax ( expense ) benefit during the year ended june 30 , 2017 and 2016 represents primarily the combined income tax effect of portsmouth 's pretax income ( loss ) which includes its share in net income ( loss ) from the hotel and the pre-tax income ( loss ) from intergroup ( standalone ) . marketable securities and other investments as of june 30 , 2017 , and 2016 , the company had investments in marketable equity securities of $ 17,177,000 and $ 14,282,000 , respectively . the following table shows the composition of the company 's marketable securities portfolio by selected industry groups as : 25 replace_table_token_6_th replace_table_token_7_th the company 's investment portfolio is diversified with 69 different equity positions the company holds two equity securities that comprised more than 10 % of the equity value of the portfolio . the largest security position represents 27.6 % of the portfolio

