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Investment in Unconsolidated Real Estate Entities (Tables)
 9 Months Ended
Sep. 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:
September 30, 2021December 31, 2020
ASSETS
Investment in real estate, net$1,035,033 $855,639 
Other assets66,085 51,118 
TOTAL ASSETS$1,101,118 $906,757 
LIABILITIES
Secured debt, net$510,355 $495,771 
Other liabilities41,397 52,828 
TOTAL LIABILITIES551,752 548,599 
Company’s capital(1)
148,742 80,778 
Partners’ capital400,624 277,380 
TOTAL CAPITAL549,366 358,158 
TOTAL LIABILITIES AND CAPITAL$1,101,118 $906,757 
__________________ 
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 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 September 30,Nine Months Ended September 30,
2021202020212020
TOTAL REVENUES$20,694 $25,551 $60,121 $77,229 
TOTAL EXPENSES17,893 26,081 51,865 76,892 
NET INCOME (LOSS)$2,801 $(530)$8,256 $337