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Investment in Unconsolidated Real Estate Entity (Tables)
 3 Months Ended
Mar. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]  
Equity method investments
March 31, 2021December 31, 2020
ASSETS
Investment in real estate, net$866,132 $855,639 
Other assets43,109 51,118 
TOTAL ASSETS$909,241 $906,757 
LIABILITIES
Secured debt, net$504,315 $495,771 
Other liabilities39,942 52,828 
TOTAL LIABILITIES544,257 548,599 
Company’s capital(1)
82,143 80,778 
Partners’ capital282,841 277,380 
TOTAL CAPITAL364,984 358,158 
TOTAL LIABILITIES AND CAPITAL$909,241 $906,757 
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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 the income (loss) from unconsolidated real estate entities line item on the Consolidated Statements of Operations.

The table below presents the combined and condensed statements of operations for the Company’s unconsolidated joint ventures:

Three Months Ended March 31,
20212020
TOTAL REVENUES$19,386 $25,795 
TOTAL EXPENSES16,244 26,949 
NET INCOME (LOSS)$3,142 $(1,154)