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Investment in Unconsolidated Real Estate Entity (Tables)

6 Months Ended

Jun. 30, 2021

Equity Method Investments and Joint Ventures [Abstract]

Schedule of equity method investments

The table below presents the combined and condensed balance sheets for the Company’s unconsolidated joint ventures as of:

			June 30, 2021						December 31, 2020
ASSETS
Investment in real estate, net			$	880,266					$	855,639
Other assets			42,943						51,118
TOTAL ASSETS			$	923,209					$	906,757
LIABILITIES
Secured debt, net			$	517,377					$	495,771
Other liabilities			39,060						52,828
TOTAL LIABILITIES			556,437						548,599
Company’s capital(1)			83,460						80,778
Partners’ capital			283,312						277,380
TOTAL CAPITAL			366,772						358,158
TOTAL LIABILITIES AND CAPITAL			$	923,209					$	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 income from unconsolidated real estate entities 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 June 30,												Six Months Ended June 30,
			2021						2020						2021						2020
TOTAL REVENUES			$	20,041					$	25,943					$	39,427					$	51,738
TOTAL EXPENSES			17,728						23,922						33,972						50,871
NET INCOME			$	2,313					$	2,021					$	5,455					$	867

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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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