XML 48 R35.htm IDEA: XBRL DOCUMENT v3.20.2
Investment in Unconsolidated Real Estate Entity (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2020 and December 31, 2019:
June 30, 2020December 31, 2019
ASSETS
Investment in real estate, net$787,635  $794,321  
Other assets30,268  51,597  
TOTAL ASSETS817,903  845,918  
LIABILITIES
Secured debt, net461,303  480,127  
Other liabilities46,891  42,672  
TOTAL LIABILITIES508,194  522,799  
Company’s capital(1)
61,942  64,624  
Partner’s capital247,767  258,495  
TOTAL CAPITAL309,709  323,119  
TOTAL LIABILITIES AND CAPITAL$817,903  $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 income (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 and six months ended June 30, 2020 and the June 5, 2019 acquisition date through June 30, 2019:
Three Months Ended June 30, 2020
June 5, 2019 through June 30, 2019
Six Months Ended June 30, 2020
June 5, 2019 through June 30, 2019
TOTAL REVENUES$25,943  $7,778  $51,738  $7,778  
TOTAL EXPENSES23,922  8,318  50,871  8,318  
NET INCOME (LOSS)$2,021  $(540) $867  $(540)