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Investments in Non-Consolidated Entities (Tables) | 12 Months Ended
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Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract] |
Investments in and Advances to Affiliates | Below is a schedule of the Company's investments in non-consolidated entities:
| Percentage Ownership at | Investment Balance as of December 31, | Equity in earnings (losses) of non-consolidated entities Years ended December 31,
Investment | December 31, 2022 | 2022 | 2021 | 2022 | 2021 | 2020
NNN MFG Cold JV L.P. ("MFG Cold JV")(1) | 20% | $ | 26,592 |  | $ | 30,752 |  | $ | (2,050) |  | $ | — |  | $ | — |
NNN Office JV L.P. ("NNN JV")(2)(6) | 20% | 12,900 |  | 24,112 |  | 18,156 |  | (140) |  | (84) |
Etna Park 70 LLC(3) | 90% | 12,975 |  | 12,874 |  | (137) |  | (93) |  | (104) |
Etna Park 70 East LLC(4) | 90% | 2,126 |  | 2,797 |  | (174) |  | (114) |  | (89) |
BSH Lessee L.P.(5) | 25% | 3,613 |  | 4,024 |  | 211 |  | 157 |  | 108 |
|  | $ | 58,206 |  | $ | 74,559 |  | $ | 16,006 |  | $ | (190) |  | $ | (169) |
(1)During 2021, the Company disposed of 22 special purpose industrial assets to MFG Cold JV for an aggregate disposition price of $550,000, net of $2,775 of purchase price adjustments, and acquired a 20% interest in the MFG Cold JV. The Company recognized a gain of $239,386 in connection with the disposition of the assets, and, in addition, MFG Cold JV assumed $25,850 of non-recourse mortgage debt in the transaction. MFG Cold JV obtained $381,000 of non-recourse mortgage financing which bears interest at one month Term SOFR plus 245 basis points and has an initial term of two years but can be extended for three additional terms of one year each. MFG Cold JV entered into an interest rate agreement which caps the one-month Term SOFR component of the $381,000 mortgage financing at 3% for two years. (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. (4)Joint venture formed in 2019 with a developer entity to acquire a parcel of land. (5)A joint venture investment, which owns a single-tenant, net-leased asset. (6)During 2022, NNN JV sold six assets and the Company recognized its share of aggregate gains on sale and impairment charges of $24,513 and $257, respectively, within equity in earnings (losses) of non-consolidated entities within its consolidated statement of operations. 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.

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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 https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
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