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Investment in Unconsolidated Joint Ventures (Tables)
12 Months Ended
Dec. 31, 2020
Investment in Unconsolidated Joint Ventures [Abstract]  
Schedule of Components of Investment In Unconsolidated Entities
The following table summarizes the components of the Company's investments in unconsolidated joint ventures (in thousands):
December 31, 2020December 31, 2019
Equity basis of the joint venture investments$(6,687)$(4,236)
Cost of the joint venture investments in excess of the joint venture book value13,485 19,407 
Investment in unconsolidated joint ventures$6,798 $15,171 
Schedule of Components of Equity In Income (Loss) from Unconsolidated Entities
The following table summarizes the components of the Company's equity in income from unconsolidated joint ventures (in thousands):
For the year ended December 31,
202020192018
Operating (loss) income$(913)$1,667 $2,105 
Depreciation of cost in excess of book value(995)(1,265)(1,469)
Impairment loss(6,546)— — 
Loss on sale— (2,075)— 
Equity in (loss) income from unconsolidated joint ventures$(8,454)$(1,673)$636