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Investment in Unconsolidated Real Estate Entities (Tables)
 3 Months Ended
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, 2022December 31, 2021
ASSETS
Investment in real estate, net$1,068,627 $1,048,593 
Other assets62,929 57,232 
TOTAL ASSETS$1,131,556 $1,105,825 
LIABILITIES
Secured debt, net$524,843 $516,153 
Other liabilities49,158 40,307 
TOTAL LIABILITIES574,001 556,460 
Company’s capital(1)
153,490 148,914 
Partner’s capital404,065 400,451 
TOTAL CAPITAL557,555 549,365 
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,
20222021
TOTAL REVENUES$19,532 $19,386 
TOTAL EXPENSES17,778 16,244 
NET INCOME$1,754 $3,142