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Investments in Non-Consolidated Entities (Tables) | 9 Months Ended
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Sep. 30, 2024
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 |  | Equity in earnings (losses) of non-consolidated entities
Investment | September 30, 2024 |  | September 30, 2024 |  | December 31, 2023 |  | September 30, 2024 |  | September 30, 2023
NNN MFG Cold JV L.P. ("MFG Cold JV")(1) | 20% |  | $ | 14,966 |  |  | $ | 19,693 |  |  | $ | (2,903) |  |  | $ | (2,418) |
NNN Office JV L.P. ("NNN JV")(2) | 20% |  | 16,522 |  |  | 16,237 |  |  | (215) |  |  | 720 |
Etna Park 70, LLC(3) | 90% |  | 9,797 |  |  | 10,320 |  |  | (199) |  |  | (184) |
Etna Park East LLC(4) | 90% |  | 2,306 |  |  | 2,245 |  |  | (124) |  |  | (141) |
BSH Lessee L.P.(5) | —% |  | — |  |  | — |  |  | — |  |  | 4,608 |
Lombard Street Lots, LLC (6) | 44.1% |  | 2,308 |  |  | — |  |  | (3) |  |  | — |
|  |  | $ | 45,899 |  |  | $ | 48,495 |  |  | $ | (3,444) |  |  | $ | 2,585 |
(1) MFG Cold JV is a joint venture formed in 2021 that owns special purpose industrial properties formerly owned by the Company. (2) NNN JV is a joint venture formed in 2018 that owns office properties formerly owned by the Company. During the nine months ended September 30, 2024, NNN JV sold one asset and the Company recognized its share of gain on sale and debt satisfaction costs of $283 and $3, respectively, within equity in earnings (losses) of non-consolidated entities within its unaudited condensed consolidated statements of operations. (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 sold its sole single-tenant, net-leased asset in January 2023 and the Company recognized its 25% share of the gain on sale of $4,791 within equity in earnings (losses) of non-consolidated entities within its unaudited condensed consolidated statements of operations. (6) In June 2024, the Company determined it no longer controlled and ceased to consolidate the operations of Lombard Street Lots, LLC in its unaudited condensed consolidated financial statements, as a result of an amendment to the LLC agreement. The Company retained significant influence over Lombard Street Lots, LLC and accounted for its interest under the equity method of accounting. The Company recognized a gain on change in control of a subsidiary as a result of the deconsolidation of $209 and recorded its equity method investment in Lombard Street Lots, LLC at a fair value of $2,311. The total assets and liabilities deconsolidated were $4,608 and $4, respectively.

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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://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 + Details
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- References No definition available. + Details
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