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Investments in Real Estate Entities (Tables) | 6 Months Ended
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Jun. 30, 2021
Equity Method Investments and Joint Ventures [Abstract] |
Summary of financial information of equity method investments | The following is a combined summary of the financial position of the entities accounted for using the equity method discussed above as of the dates presented, including development joint ventures started and unconsolidated communities sold during the respective periods (dollars in thousands):
| 6/30/2021 |  | 12/31/2020
| (unaudited) |  |
Assets: |  |  |
Real estate, net | $ | 1,147,860 |  |  | $ | 1,249,730 |
Other assets | 473,193 |  |  | 255,606 |
Total assets | $ | 1,621,053 |  |  | $ | 1,505,336 |
Liabilities and partners' capital: |  |  |
Mortgage notes payable, net (1) | $ | 637,676 |  |  | $ | 751,257 |
Other liabilities | 169,258 |  |  | 163,808 |
Partners' capital | 814,119 |  |  | 590,271 |
Total liabilities and partners' capital | $ | 1,621,053 |  |  | $ | 1,505,336 |
_________________________________ (1) The Company has not guaranteed the outstanding debt, nor does the Company have any obligation to fund this debt should the unconsolidated entity be unable to do so. The following is a combined summary of the operating results of the entities accounted for using the equity method discussed above for the periods presented (dollars in thousands):
| For the three months ended |  | For the six months ended
| 6/30/2021 |  | 6/30/2020 |  | 6/30/2021 |  | 6/30/2020
| (unaudited) |  | (unaudited)
Rental and other income (1) | $ | 41,809 |  |  | $ | 30,427 |  |  | $ | 66,744 |  |  | $ | 63,499 |
Operating and other expenses | (12,126) |  |  | (11,732) |  |  | (24,293) |  |  | (23,912) |
Gain on sale of communities | 164,317 |  |  | 40 |  |  | 164,317 |  |  | 40 |
Interest expense, net | (7,582) |  |  | (8,053) |  |  | (15,250) |  |  | (16,109) |
Depreciation expense | (7,441) |  |  | (8,713) |  |  | (15,919) |  |  | (17,402) |
Net income | $ | 178,977 |  |  | $ | 1,969 |  |  | $ | 175,599 |  |  | $ | 6,116 |
Company's share of net income from investments in unconsolidated entities | $ | 27,087 |  |  | $ | 1,041 |  |  | $ | 27,149 |  |  | $ | 2,746 |
Amortization of excess investment and other | (528) |  |  | (529) |  |  | (1,057) |  |  | (1,059) |
Income from investments in unconsolidated entities | $ | 26,559 |  |  | $ | 512 |  |  | $ | 26,092 |  |  | $ | 1,687 |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
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