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Investment in Unconsolidated Real Estate Entity (Tables)

3 Months Ended

Mar. 31, 2020

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments

The summarized balance sheets of the Company’s unconsolidated real estate entity represent the combined entities for our Bentall Centre properties as of March 31, 2020 and December 31, 2019:

						March 31, 2020						December 31, 2019
ASSETS
Investment in real estate, net						$	758,013					$	794,321
Other assets						24,299						51,597
TOTAL ASSETS						782,312						845,918
LIABILITIES
Secured debt, net						443,650						480,127
Other liabilities						41,487						42,672
TOTAL LIABILITIES						485,137						522,799
Company’s capital(1)						59,435						64,624
Partner’s capital						237,740						258,495
TOTAL CAPITAL						297,175						323,119
TOTAL LIABILITIES AND CAPITAL						$	782,312					$	845,918

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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 from unconsolidated real estate entity on the Consolidated Statements of Operations.

The summarized statement of operations of the Company’s unconsolidated real estate entity represent the combined entities for our Bentall Centre properties for the three months ended March 31, 2020:

						Three Months Ended March 31,
						2020
TOTAL REVENUES						$	25,795
TOTAL EXPENSES						26,949
NET LOSS						$	(1,154)

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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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