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Investments in Non-Consolidated Entities (Tables) | 3 Months Ended
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Mar. 31, 2022
Noncontrolling Interest [Abstract] |
Schedule of 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 |  | March 31, 2022 |  | March 31, 2022 |  | December 31, 2021
NNN MFG Cold JV L.P. ("MFG Cold JV") | (1) | 20% |  | $ | 30,601 |  |  | $ | 30,752 |
NNN Office JV L.P. ("NNN JV") | (2) | 20% |  | 24,051 |  |  | 24,112 |
Etna Park 70 LLC | (3) | 90% |  | 12,927 |  |  | 12,874 |
Etna Park East LLC | (4) | 90% |  | 2,112 |  |  | 2,797 |
BSH Lessee L.P. | (5) | 25% |  | 3,884 |  |  | 4,024 |
|  |  |  | $ | 73,575 |  |  | $ | 74,559 |
(1) MFG Cold JV is a joint venture formed in 2021 and owns special purpose industrial properties formerly owned by the Company. (2) NNN JV is a joint venture formed in 2018 and owns office properties formerly owned by the Company. (3) 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. (4) 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. (5) A joint venture investment, which owns a single-tenant, net-leased asset. The following is a summary of the results of operations of NNN JV for the three months ended March 31, 2022 and 2021:
| Three months ended March 31,
| 2022 |  | 2021
Total gross revenues | $ | 14,391 |  |  | $ | 15,186 |
Depreciation expense | (7,958) |  |  | (9,685) |
Property operating | (2,412) |  |  | (2,345) |
General and administrative | (558) |  |  | (566) |
Gain on sale | 56,576 |  |  | — |
Interest expense | (2,532) |  |  | (2,981) |
Income from continuing operations | 57,507 |  |  | (391) |
Provision for income taxes | (250) |  |  | (26) |
Net income | $ | 57,257 |  |  | $ | (417) |

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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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- References No definition available. + Details
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