Investment in Unconsolidated Entities (Tables)

6 Months Ended

Jun. 30, 2021

Investment in Partially Owned Entities [Abstract]

Schedule of Combined Financial Information of Investment in Unconsolidated Entities

The following table presents condensed balance sheet information for IAGM:


	As of
	June 30, 2021		December 31, 2020
Assets:
Net investment properties	$	384,098	$	387,394
Other assets	40,118		72,453
Total assets	424,216		459,847
Liabilities and equity:
Mortgages debt, net	219,514		242,388
Other liabilities	13,985		19,144
Equity	190,717		198,315
Total liabilities and equity	424,216		459,847

Company's share of equity	105,754		109,928
Outside basis difference, net (a)	(862)		(877)
Carrying value of investments in unconsolidated entities	$	104,892	$	109,051

(a)The outside basis difference relates to the unamortized deferred gain on sale of Antoine Town Center.

The following table presents condensed income statement information of IAGM:


	Three months ended June 30,				Six months ended June 30,
	2021		2020		2021		2020
Total income	$	11,421	$	9,815	$	22,850	$	22,538
Depreciation and amortization	(3,793)		(4,316)		(7,557)		(8,658)
Property operating	(2,056)		(1,507)		(4,129)		(3,372)
Real estate taxes	(2,298)		(2,182)		(4,670)		(4,608)
Asset management fees	(296)		(271)		(567)		(556)
Interest expense, net	(1,469)		(1,775)		(3,161)		(3,968)
Other (expense) and income, net	(116)		(49)		(245)		(139)
Loss on debt extinguishment	—		—		(14)		(8)
Gain on sale of real estate	—		—		—		1,741

Net income (loss)	$	1,393	$	(285)	$	2,507	$	2,970

Company's share of net income (loss)	$	768	$	(157)	$	1,380	$	1,587
Outside basis adjustment for investee's sale of real estate, net	7		8		15		(947)
Equity in earnings (losses) of unconsolidated entities	$	775	$	(149)	$	1,395	$	640

Schedule of Contractual Obligation, Fiscal Year Maturity Schedule

The following table summarizes the scheduled maturities of IAGM's mortgages payable as of June 30, 2021, for the remainder of 2021, each of the next four years and thereafter:


Scheduled maturities by year:	As of June 30, 2021
2021	$	—
2022	—
2023	180,125
2024	—
2025	22,880
Thereafter	17,800
Total	$	220,805