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INVESTMENT IN AND ADVANCES TO UNCONSOLIDATED JOINT VENTURES (Tables)

3 Months Ended

Mar. 31, 2020

Equity Method Investments and Joint Ventures [Abstract]

Summary of the Company's investments in unconsolidated joint ventures, which the entity accounts for using the equity method

The following is a summary of the Company’s investments in and advances to unconsolidated joint ventures, which we account for using the equity method, as of March 31, 2020 and December 31, 2019 ($ in thousands):



Entity	March 31, 2020		December 31, 2019

Grace Lake JV, LLC	$	3,233	$	3,047
24 Second Avenue Holdings LLC	45,426		45,386
Investment in unconsolidated joint ventures	$	48,659	$	48,433

Summary of the Company's allocated earnings based on its ownership interests from investment in unconsolidated joint ventures

The following is a summary of the Company’s allocated earnings (losses) based on its ownership interests from investment in unconsolidated joint ventures for the three months ended March 31, 2020 and 2019 ($ in thousands):



	Three Months Ended March 31,
Entity	2020		2019

Grace Lake JV, LLC	$	186	$	415
24 Second Avenue Holdings LLC	255		544
Earnings (loss) from investment in unconsolidated joint ventures	$	441	$	959

Summary of the combined results from operations of the unconsolidated joint ventures for the period in which the Company had investment interests

The following is a summary of the combined financial position of the unconsolidated joint ventures in which the Company had investment interests as of March 31, 2020 and December 31, 2019 ($ in thousands):



	March 31, 2020		December 31, 2019

Total assets	$	171,827	$	118,727
Total liabilities	85,598		78,762
Partners’/members’ capital	$	86,229	$	39,965

The following is a summary of the combined results from operations of the unconsolidated joint ventures for the period in which the Company had investment interests during the three months ended March 31, 2020 and 2019 ($ in thousands):



	Three Months Ended March 31,
	2020		2019

Total revenues	$	4,476	$	4,699
Total expenses	3,974		3,863
Net income (loss)	$	502	$	836