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Variable Interest Entities | 3 Months Ended
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Mar. 31, 2022
Variable Interest Entities [Abstract] |
Variable Interest Entities | Variable Interest Entities Other Real Estate Partnerships The Other Real Estate Partnerships are variable interest entities ("VIEs") of the Operating Partnership and the Operating Partnership is the primary beneficiary, thus causing the Other Real Estate Partnerships to be consolidated by the Operating Partnership. In addition, the Operating Partnership is a VIE of the Company and the Company is the primary beneficiary. The following table summarizes the assets and liabilities of the Other Real Estate Partnerships included in our consolidated balance sheets, net of intercompany amounts:
| March 31, 2022 |  | December 31, 2021
ASSETS |  |  |
Assets: |  |  |
Net Investment in Real Estate | $ | 282,200 |  |  | $ | 277,984 |
Operating Lease Right-of-Use Assets | 13,066 |  |  | 13,087 |
Cash and Cash Equivalents | 4,639 |  |  | 9,126 |
Deferred Rent Receivable | 10,956 |  |  | 10,984 |
Prepaid Expenses and Other Assets, Net | 9,752 |  |  | 9,480 |
Total Assets | $ | 320,613 |  |  | $ | 320,661 |
LIABILITIES AND PARTNERS' CAPITAL |  |  |
Liabilities: |  |  |
Accounts Payable, Accrued Expenses and Other Liabilities | $ | 12,812 |  |  | $ | 9,496 |
Operating Lease Liabilities | 10,271 |  |  | 10,277 |
Rents Received in Advance and Security Deposits | 6,850 |  |  | 7,470 |
Partners' Capital | 290,680 |  |  | 293,418 |
Total Liabilities and Partners' Capital | $ | 320,613 |  |  | $ | 320,661 |
Joint Ventures Through a wholly-owned TRS of the Operating Partnership, we own a 43% interest in the Joint Venture. Additionally, we owned a 49% interest in a joint venture that sold its remaining acres of land and ceased operations during the year ended December 31, 2021 (the "Former Joint Venture" together with the Joint Venture, the "Joint Ventures"). The Joint Ventures were formed for the purpose of developing, leasing, operating and selling land located in the Phoenix, Arizona metropolitan area. Under the operating agreements for the Joint Venture, we act as the managing member and are entitled to receive fees for providing management, leasing, development, construction supervision, disposition and asset management services. In addition, the Joint Venture's operating agreement provides us the ability to earn incentive fees based on the ultimate financial performance of the Joint Venture. During the three months ended March 31, 2022 and 2021, we earned fees of $73 and $162, respectively, from the Joint Ventures, related to asset management and development services, of which we deferred recognition of $36 and $37, respectively, due to our economic interest in the Joint Ventures. At March 31, 2022, we had an aggregate receivable from the Joint Venture of $89.

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- Definition Variable Interest Entities [Abstract] + References No definition available. + Details
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- Definition The entire disclosure for a variable interest entity (VIE), including but not limited to, judgments and assumptions in determining whether to consolidate and in identifying the primary beneficiary, gain (loss) recognized on the initial consolidation of the VIE, terms of arrangements, amounts and classification of the VIE's assets and liabilities, and the entity's maximum exposure to loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -URI http://asc.fasb.org/topic&trid=2197479 + Details
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