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Investment in Unconsolidated Real Estate Entities (Tables) | 3 Months Ended
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Mar. 31, 2022
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:
| March 31, 2022 |  | December 31, 2021
ASSETS |  |  |
Investment in real estate, net | $ | 1,068,627 |  |  | $ | 1,048,593 |
Other assets | 62,929 |  |  | 57,232 |
TOTAL ASSETS | $ | 1,131,556 |  |  | $ | 1,105,825 |
LIABILITIES |  |  |
Secured debt, net | $ | 524,843 |  |  | $ | 516,153 |
Other liabilities | 49,158 |  |  | 40,307 |
TOTAL LIABILITIES | 574,001 |  |  | 556,460 |
Company’s capital(1) | 153,490 |  |  | 148,914 |
Partner’s capital | 404,065 |  |  | 400,451 |
TOTAL CAPITAL | 557,555 |  |  | 549,365 |
TOTAL LIABILITIES AND CAPITAL | $ | 1,131,556 |  |  | $ | 1,105,825 |
__________________ 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 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, |  |
| 2022 |  | 2021 |  |  |  |
TOTAL REVENUES | $ | 19,532 |  |  | $ | 19,386 |  |  |  |  |
TOTAL EXPENSES | 17,778 |  |  | 16,244 |  |  |  |  |
NET INCOME | $ | 1,754 |  |  | $ | 3,142 |  |  |  |  |

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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 + Details
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