Investment in Partially Owned Entities (Tables)

6 Months Ended

Jun. 30, 2017

Investment in Partially Owned Entities [Abstract]

Schedule of Net Equity Investment and Share of Net Income or Loss

Under the equity method of accounting, the net equity investment of the Company and the Company's share of net income or loss from the unconsolidated entity are reflected in the consolidated balance sheets and the consolidated statements of operations and comprehensive income (loss).



			Carrying Value of Investment at
Entity	Description	Ownership %	June 30, 2017		December 31, 2016
IAGM Retail Fund I, LLC	Multi-tenant retail shopping centers	55%	$	126,451	$	126,090
Downtown Railyard Venture, LLC	Land development	(a)	55,508		52,365
Other unconsolidated entities	Various real estate investments	Various	254		273
			$	182,213	$	178,728


(a)	The Company's ownership percentage in Downtown Railyard Venture, LLC ("DRV") is based upon a waterfall calculation outlined in the operating agreement.

Schedule of Combined Financial Information of Investment in Unconsolidated Entities

The following tables present the combined condensed financial information for the Company's unconsolidated entities.



	As of
	June 30, 2017			December 31, 2016
Assets:
Real estate assets, net of accumulated depreciation	$	625,782		$	628,667
Other assets	71,157			71,288
Total assets	$	696,939		$	699,955
Liabilities and equity:
Mortgage debt	311,476			311,378
Other liabilities	58,806			65,225
Equity	326,657			323,352
Total liabilities and equity	$	696,939		$	699,955
Company's share of equity	$	195,311		$	192,124
Net excess of the net book value of underlying assets over the cost of investments (net of accumulated amortization of $2,527 and $2,229, respectively)	(13,098		)	(13,396		)
Carrying value of investments in unconsolidated entities	$	182,213		$	178,728



	Three months ended June 30,				Six months ended June 30,
	2017		2016		2017		2016
Revenues	$	16,944	$	19,846	$	33,764	$	37,134
Expenses:
Interest expense and loan cost amortization	3,276		778		6,527		6,638
Depreciation and amortization	6,422		8,352		12,614		14,667
Operating expenses, ground rent and general and administrative expenses	5,986		7,045		12,270		10,666
Total expenses	15,684		16,175		31,411		31,971
Net income	$	1,260	$	3,671	$	2,353	$	5,163

Company's share of net income, net of excess basis depreciation of $130, $130, $260 and $260, respectively	$	675	$	2,241	$	1,247	$	3,260
Distributions from unconsolidated entities in excess of the investments' carrying value	—		355		—		630
Equity in earnings of unconsolidated entities	$	675	$	2,596	$	1,247	$	3,890

Schedule of Debt Maturities of the Unconsolidated Entities

The unconsolidated entities had total third party debt of $311,476 at June 30, 2017 that matures as follows:



Maturities during the year ended December 31,	Amount
2017	$	—
2018	203,906
2019	16,247
2020	—
2021	22,973
Thereafter	68,350
	$	311,476