XML 63 R43.htm IDEA: XBRL DOCUMENT v3.22.0.1
Investment in Unconsolidated Real Estate Entities (Tables)
 12 Months Ended
Dec. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]  
Summarized Financial Information of Unconsolidated Real Estate Entity
The table below presents the combined and condensed balance sheets for the Company’s unconsolidated joint ventures:
December 31, 2021December 31, 2020
ASSETS
Investment in real estate, net$1,048,593 $855,639 
Other assets57,232 51,118 
TOTAL ASSETS1,105,825 906,757 
LIABILITIES
Secured debt, net516,153 495,771 
Other liabilities40,307 52,828 
TOTAL LIABILITIES556,460 548,599 
Company’s capital(1)
148,914 80,778 
Partner's capital400,451 277,380 
TOTAL CAPITAL549,365 358,158 
TOTAL LIABILITIES AND CAPITAL$1,105,825 $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 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:
Year Ended December 31,June 5, 2019 through
December 31, 2019
20212020
TOTAL REVENUES$80,901 $69,592 $41,687 
TOTAL EXPENSES(70,934)(65,983)(46,434)
NET INCOME (LOSS)$9,967 $3,609 $(4,747)