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Investments in Non-Consolidated Entities | 9 Months Ended
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Sep. 30, 2020
Noncontrolling Interest [Abstract] |
Investments in Non-Consolidated Entities | Investments in Non-Consolidated Entities Below is a schedule of the Company's investments in non-consolidated entities:
|  | Percentage Ownership at |  | Investment Balance as of
Investment |  | September 30, 2020 |  | September 30, 2020 |  | December 31, 2019
NNN Office JV LP ("NNN JV") | (1) | 20% |  | $ | 32,723 |  |  | $ | 39,288 |
Etna Park 70 LLC | (2) | 90% |  | 11,352 |  |  | 8,352 |
Etna Park East LLC | (3) | 90% |  | 7,391 |  |  | 4,310 |
Other | (4) | 25% |  | 5,023 |  |  | 5,218 |
|  |  |  | $ | 56,489 |  |  | $ | 57,168 |
(1) NNN JV is a joint venture formed in 2018 and owns office properties formerly owned by the Company. (2) Joint venture formed in 2017 with a developer entity to acquire a 151-acre parcel of developable land and to pursue industrial build-to-suit opportunities. The Company determined that it is not the primary beneficiary. In December 2018, the parcel was subdivided and the Company received a distribution of an ownership interest in a 57-acre parcel with a historical cost of $3,008. The Company acquired control of the 57-acre parcel via the purchase of the Company's joint venture partners' interests. (3) Joint venture formed in 2019 with a developer entity to acquire a 129.6-acre parcel of land and to pursue industrial build-to-suit opportunities. The Company determined it is not the primary beneficiary. (4) As of September 30, 2020, represents one joint venture investment, which owns a single-tenant, net-leased asset. During the nine months ended September 30, 2020, NNN JV sold two assets and the Company recognized an aggregate gain on the transactions of $557 within equity in earnings (losses) of non-consolidated entities within its unaudited condensed consolidated statement of operations. In conjunction with these property sales, NNN JV received net proceeds of $8,504 after the satisfaction of $40,800 of its non-recourse mortgage indebtedness. During the nine months ended September 30, 2019, NNN JV sold four assets and the Company recognized aggregate gains on the transactions of $3,529 within equity in earnings (losses) of non-consolidated entities in its unaudited condensed consolidated statement of operations. In conjunction with these property sales, NNN JV received aggregate net proceeds of $45,208 after the satisfaction of an aggregate of $101,520 of its non-recourse mortgage indebtedness. In February 2019, a non-consolidated real estate entity, in which the Company owned a 15% ownership interest, sold its only asset and the Company received $2,317 of proceeds. The Company recognized a gain on the transaction of $824, which is included in equity in earnings (losses) on non-consolidated entities within its unaudited condensed consolidated statement of operations.

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
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- References No definition available. + Details
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