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Investments in Unconsolidated Joint Ventures
 9 Months Ended
Sep. 30, 2020
Joint Venture  
Schedule of Equity Method Investments [Line Items]  
Investments in Unconsolidated Joint Ventures Investments in Unconsolidated Joint Ventures:
The Company has made the following recent financings of its unconsolidated joint ventures:
On February 22, 2019, the Company’s joint venture in The Shops at Atlas Park entered into an agreement to increase the total borrowing capacity of the existing loan on the property from $57,751 to $80,000, and to extend the maturity date to October 28, 2021, including extension options. Concurrent with the loan modification, the joint venture borrowed an additional $18,379. The Company used its $9,189 share of the additional proceeds to pay down its line of credit and for general corporate purposes.
On July 25, 2019, the Company's joint venture in Fashion District Philadelphia amended the existing term loan on the joint venture to allow for additional borrowings up to $100,000 at LIBOR plus 2%. Concurrent with the amendment, the joint venture borrowed an additional $26,000. On August 16, 2019, the joint venture borrowed an additional $25,000. The Company used its share of the additional proceeds to pay down its line of credit and for general corporate purposes.
On September 12, 2019, the Company’s joint venture in Tysons Tower placed a new $190,000 loan on the property that bears interest at an effective rate of 3.38% and matures on November 11, 2029. The Company used its share of the proceeds to pay down its line of credit and for general corporate purposes.
On October 17, 2019, the Company’s joint venture in West Acres placed a construction loan on the property that allows for borrowing of up to $6,500, bears interest at an effective rate of 3.72% and matures on October 10, 2029. The joint venture intends to use the proceeds from the loan to fund the expansion of the property.
On December 18, 2019, the Company’s joint venture in One Westside placed a $414,600 construction loan on the redevelopment project. The loan bears interest at LIBOR plus 1.70%, which can be reduced to LIBOR plus 1.50% upon the completion of certain conditions, and matures on December 18, 2024. This loan is expected to fund the joint venture's remaining cost to complete the project.
Combined and condensed balance sheets and statements of operations are presented below for all unconsolidated joint ventures.
Combined and Condensed Balance Sheets of Unconsolidated Joint Ventures:
September 30,
2020		December 31,
2019
Assets(1):  
Property, net$9,403,481 $9,424,591 
Other assets845,320 772,116 
Total assets$10,248,801 $10,196,707 
Liabilities and partners' capital(1):  
Mortgage and other notes payable$6,170,353 $6,144,685 
Other liabilities501,544 565,412 
Company's capital1,923,794 1,904,145 
Outside partners' capital1,653,110 1,582,465 
Total liabilities and partners' capital$10,248,801 $10,196,707 
Investments in unconsolidated joint ventures:  
Company's capital$1,923,794 $1,904,145 
Basis adjustment(2)(460,899)(492,350)
$1,462,895 $1,411,795 
Assets—Investments in unconsolidated joint ventures$1,569,887 $1,519,697 
Liabilities—Distributions in excess of investments in unconsolidated joint ventures(106,992)(107,902)
$1,462,895 $1,411,795 

(1)     These amounts include assets of $2,891,122 and $2,932,401 of Pacific Premier Retail LLC (the "PPR Portfolio") as of September 30, 2020 and December 31, 2019, respectively, and liabilities of $1,708,455 and $1,732,976 of the PPR Portfolio as of September 30, 2020 and December 31, 2019, respectively.
(2)     The Company amortizes the difference between the cost of its investments in unconsolidated joint ventures and the book value of the underlying equity into income on a straight-line basis consistent with the lives of the underlying assets. The amortization of this difference was $3,361 and $5,354 for the three months ended September 30, 2020 and 2019, respectively, and $11,089 and $15,164 for the nine months ended September 30, 2020 and 2019, respectively.
Combined and Condensed Statements of Operations of Unconsolidated Joint Ventures:

PPR PortfolioOther Joint VenturesTotal
Three Months Ended September 30, 2020
Revenues:
Leasing revenue$36,043 $155,133 $191,176 
Other257 5,671 5,928 
Total revenues36,300 160,804 197,104 
Expenses:
Shopping center and operating expenses9,678 61,457 71,135 
Leasing expenses266 877 1,143 
Interest expense16,267 37,805 54,072 
Depreciation and amortization24,819 73,884 98,703 
Total operating expenses51,030 174,023 225,053 
(Loss) gain on sale or write down of assets, net(120)4 (116)
Net loss$(14,850)$(13,215)$(28,065)
Company's equity in net loss$(6,511)$(6,002)$(12,513)
Three Months Ended September 30, 2019
Revenues:
Leasing revenue$46,308 $169,132 $215,440 
Other668 15,648 16,316 
Total revenues46,976 184,780 231,756 
Expenses:
Shopping center and operating expenses9,289 58,658 67,947 
Leasing expenses407 1,750 2,157 
Interest expense16,926 36,021 52,947 
Depreciation and amortization25,260 63,683 88,943 
Total operating expenses51,882 160,112 211,994 
Gain on sale or write down of assets, net5 — 5 
Net (loss) income$(4,901)$24,668 $19,767 
Company's equity in net (loss) income$(409)$14,991 $14,582 
PPR PortfolioOther
Joint
Ventures		Total
Nine Months Ended September 30, 2020   
Revenues:   
Leasing revenue$133,226 $466,830 $600,056 
Other559 12,162 12,721 
Total revenues133,785 478,992 612,777 
Expenses:   
Shopping center and operating expenses27,562 176,119 203,681 
Leasing expenses1,031 3,002 4,033 
Interest expense48,724 112,736 161,460 
Depreciation and amortization78,000 208,341 286,341 
Total operating expenses155,317 500,198 655,515 
Loss on sale or write down of assets, net(120)(9)(129)
Net loss$(21,652)$(21,215)$(42,867)
Company's equity in net loss$(5,510)$(11,478)$(16,988)
Nine Months Ended September 30, 2019   
Revenues:   
Leasing revenue$137,674 $514,929 $652,603 
Other1,285 40,809 42,094 
Total revenues138,959 555,738 694,697 
Expenses:   
Shopping center and operating expenses27,431 177,373 204,804 
Leasing expenses1,247 5,112 6,359 
Interest expense50,920 110,614 161,534 
Depreciation and amortization75,506 205,016 280,522 
Total operating expenses155,104 498,115 653,219 
Loss on sale or write down of assets, net(400)(280)(680)
Net (loss) income$(16,545)$57,343 $40,798 
Company's equity in net (loss) income$(2,139)$36,221 $34,082 

Significant accounting policies used by the unconsolidated joint ventures are similar to those used by the Company.