XML 33 R23.htm IDEA: XBRL DOCUMENT
v3.22.1

Investment in Unconsolidated Entities (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
Equity Method Investments and Joint Ventures [Abstract] |
Schedule of Combined Financial Information of Investment in Unconsolidated Entities | The following table presents condensed balance sheet information for IAGM:
| As of
| March 31, 2022 |  | December 31, 2021
Assets: |  |  |
Net investment properties | $ | 251,685 |  |  | $ | 288,014 |
Other assets | 64,037 |  |  | 98,696 |
Total assets | $ | 315,722 |  |  | $ | 386,710 |
Liabilities and equity: |  |  |
Mortgages debt, net | $ | 148,242 |  |  | $ | 165,831 |
Other liabilities | 7,506 |  |  | 12,409 |
Equity | 159,974 |  |  | 208,470 |
Total liabilities and equity | 315,722 |  |  | 386,710 |
Company's share of equity | 88,841 |  |  | 115,513 |
Outside basis difference, net (a) | (7,504) |  |  | (7,569) |
Carrying value of investments in unconsolidated entities | $ | 81,337 |  |  | $ | 107,944 |
(a)The outside basis difference reflects unamortized deferred gains on historical sales of Antoine Town Center and Prestonwood Town Center. The following table presents condensed income statement information of IAGM:
| Three months ended March 31,
| 2022 |  | 2021
Total income | $ | 8,379 |  |  | $ | 11,429 |
Depreciation and amortization | (2,905) |  |  | (3,764) |
Property operating | (1,330) |  |  | (2,073) |
Real estate taxes | (1,411) |  |  | (2,372) |
Asset management fees | (251) |  |  | (271) |
Interest expense, net | (1,159) |  |  | (1,692) |
Other (expense) and income, net | (142) |  |  | (129) |
Loss on debt extinguishment | (111) |  |  | (14) |
Gain on sale of real estate | 3,751 |  |  | — |
Net income | $ | 4,821 |  |  | $ | 1,114 |
Company's share of net income | $ | 2,652 |  |  | $ | 612 |
Outside basis adjustment for investee's sale of real estate, net | 64 |  |  | 8 |
Equity in earnings of unconsolidated entities | $ | 2,716 |  |  | $ | 620 |
Schedule of Contractual Obligation, Fiscal Year Maturity Schedule | The following table summarizes the scheduled maturities of IAGM's mortgages payable as of March 31, 2022, for the remainder of 2022, each of the next four years and thereafter:
Scheduled maturities by year: | As of March 31, 2022
2022 | $ | — |
2023 | 126,022 |
2024 | — |
2025 | 22,880 |
2026 | — |
Thereafter | — |
Total | $ | 148,902 |

X
- Definition Schedule of combined financial information for the company's investment in unconsolidated entities. + References No definition available. + Details
Name: | ivt_ScheduleOfCombinedFinancialInformationForCompanysInvestmentInUnconsolidatedEntitiesTableTextBlock
Namespace Prefix: | ivt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of contractual obligation by timing of payment due. Includes, but is not limited to, long-term debt obligation, lease obligation, and purchase obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 303 -Paragraph (a) -Subparagraph (5) + Details
Name: | srt_ContractualObligationFiscalYearMaturityScheduleTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration