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Investments in Non-Consolidated Entities | 12 Months Ended
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Dec. 31, 2020
Equity Method Investments and Joint Ventures [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 |  | December 31, 2020 |  | December 31, 2020 |  | December 31, 2019
NNN JV | (1) | 20% |  | $ | 31,615 |  |  | $ | 39,288 |
Etna Park 70 LLC | (2) | 90% |  | 12,514 |  |  | 8,352 |
Etna Park 70 East LLC | (3) | 90% |  | 7,484 |  |  | 4,310 |
BSH Lessee L.P. | (4) | 25% |  | 4,851 |  |  | 5,218 |
|  |  |  | $ | 56,464 |  |  | $ | 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 parcel of land. The Company determined that it is not the primary beneficiary. (3) Joint venture formed in 2019 with a developer entity to acquire a parcel of land. The Company determined that it is not the primary beneficiary. (4) A joint venture investment, which owns a single-tenant, net-leased asset. During 2020, NNN JV sold two assets and the Company recognized aggregate gains on the transactions of $557 within equity in earnings (losses) of non-consolidated entities within its consolidated statement of operations. In conjunction with these property sales, NNN JV received aggregate net proceeds of $8,504 after the satisfaction of an aggregate of $40,800 of its non-recourse mortgage indebtedness. The NNN JV distributed $1,701 of the net proceeds to the Company as a result of the property sales. During 2019, NNN JV sold four assets and the Company recognized aggregate gains on the transactions of $3,529 within equity in earnings of non-consolidated entities in its consolidated statement of operations. In conjunction with these property sales, NNN JV received aggregate net proceeds of $45,208 after satisfaction of an aggregate of $101,520 of its non-recourse mortgage indebtedness. The NNN JV distributed $7,549 of the net proceeds to the Company as a result of the property sales. 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 of non-consolidated entities in its consolidated statement of operations. In December 2018, the Company received $4,312 from a non-consolidated investment in connection with its sale of a six-property office portfolio. The Company earns advisory fees from certain of these non-consolidated entities for services related to acquisitions, asset management and debt placement. Advisory fees earned from these non-consolidated investments were $3,028, $3,596 and $1,443 for the years ended December 31, 2020, 2019 and 2018.

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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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