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Investments in Unconsolidated Real Estate Joint Ventures (Tables) | 9 Months Ended
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Sep. 30, 2018
Investments In Unconsolidated Real Estate Joint Ventures [Abstract] |
Schedule of Equity Method Investments | We have an ownership interest in the following unconsolidated real estate joint ventures:
As of September 30, 2018
Joint Venture |  | Outlet Center Location |  | Ownership % |  | Square Feet (in 000's) |  | Carrying Value of Investment (in millions) |  | Total Joint Venture Debt, Net (in millions)(1)
Investments included in investments in unconsolidated joint ventures: |  |  |  |
National Harbor |  | National Harbor, MD |  | 50.0 | % |  | 341 |  |  | $ | 0.6 |  |  | $ | 86.7 |
RioCan Canada |  | Various |  | 50.0 | % |  | 923 |  |  | 110.7 |  |  | 10.2 |
|  |  |  |  |  | $ | 111.3 |  |  |  |
Investments included in other liabilities: |  |  |  |
Columbus(2) |  | Columbus, OH |  | 50.0 | % |  | 355 |  |  | $ | (1.1 | ) |  | $ | 84.7 |
Charlotte(2) |  | Charlotte, NC |  | 50.0 | % |  | 398 |  |  | (10.3 | ) |  | 99.5 |
Galveston/Houston (2) |  | Texas City, TX |  | 50.0 | % |  | 353 |  |  | (15.3 | ) |  | 79.5 |
|  |  |  |  |  | $ | (26.7 | ) |  |  |
As of December 31, 2017
Joint Venture |  | Outlet Center Location |  | Ownership % |  | Square Feet (in 000's) |  | Carrying Value of Investment (in millions) |  | Total Joint Venture Debt, Net (in millions)(1)
Investments included in investments in unconsolidated joint ventures: |  |  |  |
Columbus |  | Columbus, OH |  | 50.0 | % |  | 355 |  |  | $ | 1.1 |  |  | $ | 84.4 |
National Harbor |  | National Harbor, MD |  | 50.0 | % |  | 341 |  |  | 2.5 |  |  | 86.4 |
RioCan Canada |  | Various |  | 50.0 | % |  | 923 |  |  | 115.8 |  |  | 11.1 |
|  |  |  |  |  | $ | 119.4 |  |  |  |
Investments included in other liabilities: |  |  |  |
Charlotte(2) |  | Charlotte, NC |  | 50.0 | % |  | 398 |  |  | $ | (4.1 | ) |  | $ | 89.8 |
Galveston/Houston (2) |  | Texas City, TX |  | 50.0 | % |  | 353 |  |  | (13.0 | ) |  | 79.4 |
|  |  |  |  |  | $ | (17.1 | ) |  |  |
(1) | Net of debt origination costs and including premiums of $1.4 million as of September 30, 2018 and December 31, 2017.
(2) | The negative carrying value is due to distributions exceeding contributions and increases or decreases from our equity in earnings of the joint venture.
Schedule of Development, Loan Guarantee, Management, Leasing, and Marketing Fees Paid By Unconsolidated JVs | Fees we received for various services provided to our unconsolidated joint ventures were recognized in management, leasing and other services as follows (in thousands):
|  | Three months ended |  | Nine months ended
|  | September 30, |  | September 30,
|  | 2018 |  | 2017 |  | 2018 |  | 2017
Fee: |  |  |  |  |  |  |  |  |  |
Management and marketing |  | $ | 571 |  |  | $ | 564 |  |  | $ | 1,704 |  |  | $ | 1,676 |
Leasing and other fees |  | 12 |  |  | 24 |  |  | 122 |  |  | 100 |
Total Fees |  | $ | 583 |  |  | $ | 588 |  |  | $ | 1,826 |  |  | $ | 1,776 |
Summary Financial Information of Unconsolidated JVs Balance Sheet | Condensed combined summary financial information of unconsolidated joint ventures accounted for using the equity method is as follows (in thousands):
Condensed Combined Balance Sheets - Unconsolidated Joint Ventures |  | September 30, 2018 |  | December 31, 2017
Assets |  |  |  |  |  |
Land |  | $ | 94,118 |  |  | $ | 95,686 |
Buildings, improvements and fixtures |  | 503,430 |  |  | 505,618 |
Construction in progress |  | 3,169 |  |  | 3,005 |
|  | 600,717 |  |  | 604,309 |
Accumulated depreciation |  | (110,213 | ) |  | (93,837 | )
Total rental property, net |  | 490,504 |  |  | 510,472 |
Cash and cash equivalents |  | 13,366 |  |  | 25,061 |
Deferred lease costs and other intangibles, net |  | 9,387 |  |  | 10,985 |
Prepaids and other assets |  | 18,142 |  |  | 15,073 |
Total assets |  | $ | 531,399 |  |  | $ | 561,591 |
Liabilities and Owners' Equity |  |  |  |  |  |
Mortgages payable, net |  | $ | 360,600 |  |  | $ | 351,259 |
Accounts payable and other liabilities |  | 11,114 |  |  | 14,680 |
Total liabilities |  | 371,714 |  |  | 365,939 |
Owners' equity |  | 159,685 |  |  | 195,652 |
Total liabilities and owners' equity |  | $ | 531,399 |  |  | $ | 561,591 |
Summary Financial Information Of Unconsolidated JVs Statements of Operations |
|  | Three months ended |  | Nine months ended
Condensed Combined Statements of Operations |  | September 30, |  | September 30,
- Unconsolidated Joint Ventures |  | 2018 |  | 2017 |  | 2018 |  | 2017
Revenues |  | $ | 23,538 |  |  | $ | 25,241 |  |  | $ | 70,940 |  |  | $ | 72,588 |
Expenses: |  |  |  |  |  |  |  |  |
Property operating |  | 9,147 |  |  | 8,987 |  |  | 28,032 |  |  | 27,242 |
General and administrative |  | 49 |  |  | 72 |  |  | 301 |  |  | 289 |
Asset impairment |  | — |  |  | 18,042 |  |  | — |  |  | 18,042 |
Depreciation and amortization |  | 6,860 |  |  | 6,998 |  |  | 19,768 |  |  | 21,453 |
Total expenses |  | 16,056 |  |  | 34,099 |  |  | 48,101 |  |  | 67,026 |
Operating income (loss) |  | 7,482 |  |  | (8,858 | ) |  | 22,839 |  |  | 5,562 |
Interest expense |  | (3,810 | ) |  | (2,776 | ) |  | (10,275 | ) |  | (7,497 | )
Other non-operating income |  | 68 |  |  | 20 |  |  | 175 |  |  | 23 |
Net income (loss) |  | $ | 3,740 |  |  | $ | (11,614 | ) |  | $ | 12,739 |  |  | $ | (1,912 | )
The Company and Operating Partnership's share of: |  |  |  |  |  |
Net income (loss) |  | $ | 1,833 |  |  | $ | (5,893 | ) |  | $ | 6,233 |  |  | $ | (1,201 | )
Depreciation and amortization and asset impairments (real estate related) |  | $ | 3,466 |  |  | $ | 12,604 |  |  | $ | 10,020 |  |  | $ | 19,992 |

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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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