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Investment in Unconsolidated Real Estate Entity (Tables)

12 Months Ended

Dec. 31, 2019

Equity Method Investments and Joint Ventures [Abstract]

Summarized Financial Information of Unconsolidated Real Estate Entity

The summarized balance sheet of the Company’s unconsolidated real estate entity represents the combined entities for Bentall Centre as of December 31, 2019:

						December 31, 2019
ASSETS
Investment in real estate, net						$	794,321
Other Assets						51,597
TOTAL ASSETS						845,918
LIABILITIES
Secured debt, net						480,127
Other liabilities						42,672
TOTAL LIABILITIES						522,799
Company’s capital(1)						64,624
Partner's capital						258,495
TOTAL CAPITAL						323,119
TOTAL LIABILITIES AND CAPITAL						$	845,918

_____________ 

1.To the extent the Company’s cost basis is different from the basis reflected at the joint venture level, the basis is amortized over the life of the related asset and is included in loss form unconsolidated real estate entity on the Consolidated Statements of Operations.

The summarized statement of operation of the Company’s unconsolidated real estate entity represents the combined entities for Bentall Centre for the June 5, 2019 acquisition date through December 31, 2019:

						Year Ended December 31,
						2019
TOTAL REVENUES						$	41,687
TOTAL EXPENSES						(46,434)
NET LOSS						$	(4,747)

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- References

No definition available.

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

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