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v3.22.2

Investment in Unconsolidated Entities (Tables) | 6 Months Ended
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Jun. 30, 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
| June 30, 2022 |  | December 31, 2021
Assets: |  |  |
Net investment properties | $ | 214,606 |  |  | $ | 288,014 |
Other assets | 35,841 |  |  | 98,696 |
Total assets | $ | 250,447 |  |  | $ | 386,710 |
Liabilities and equity: |  |  |
Mortgages debt, net | $ | 125,545 |  |  | $ | 165,831 |
Other liabilities | 7,062 |  |  | 12,409 |
Equity | 117,840 |  |  | 208,470 |
Total liabilities and equity | 250,447 |  |  | 386,710 |
Company's share of equity | 65,671 |  |  | 115,513 |
Outside basis difference, net (a) | (8,121) |  |  | (7,569) |
Carrying value of investments in unconsolidated entities | $ | 57,550 |  |  | $ | 107,944 |
(a)The outside basis difference reflects unamortized deferred gains on historical property sales from IAGM to the Company. The following table presents condensed income statement information of IAGM:
| Three months ended June 30, |  | Six months ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Total income | $ | 6,604 |  |  | $ | 11,421 |  |  | $ | 14,983 |  |  | $ | 22,850 |
Depreciation and amortization | (2,519) |  |  | (3,793) |  |  | (5,424) |  |  | (7,557) |
Property operating | (1,111) |  |  | (2,056) |  |  | (2,441) |  |  | (4,129) |
Real estate taxes | (834) |  |  | (2,298) |  |  | (2,245) |  |  | (4,670) |
Asset management fees | (220) |  |  | (296) |  |  | (471) |  |  | (567) |
Interest expense, net | (899) |  |  | (1,469) |  |  | (2,058) |  |  | (3,161) |
Other income and (expense), net | 249 |  |  | (116) |  |  | 107 |  |  | (245) |
Loss on debt extinguishment | (91) |  |  | — |  |  | (202) |  |  | (14) |
Gain on sale of real estate | 1,244 |  |  | — |  |  | 4,995 |  |  | — |
Net income | $ | 2,423 |  |  | $ | 1,393 |  |  | $ | 7,244 |  |  | $ | 2,507 |
Company's share of net income | $ | 1,332 |  |  | $ | 768 |  |  | $ | 3,984 |  |  | $ | 1,380 |
Outside basis adjustment for investee's sale of real estate, net | (616) |  |  | 7 |  |  | (552) |  |  | 15 |
Equity in earnings of unconsolidated entities | $ | 716 |  |  | $ | 775 |  |  | $ | 3,432 |  |  | $ | 1,395 |

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