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Investment in Unconsolidated Joint Ventures (Tables) | 6 Months Ended
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Jun. 30, 2021
Equity Method Investments and 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):
| June 30, 2021 |  | December 31, 2020
Equity basis of the joint venture investments | $ | (6,283) |  |  | $ | (6,687) |
Cost of the joint venture investments in excess of the joint venture book value | 13,174 |  |  | 13,485 |
Investment in unconsolidated joint ventures | $ | 6,891 |  |  | $ | 6,798 |
Schedule of Components of Equity In Income (Loss) from Unconsolidated Entities | The following table summarizes the components of the Company's equity in income (loss) from unconsolidated joint ventures (in thousands):
| For the three months ended June 30, |  | For the six months ended June 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Operating income (loss) | $ | 215 |  |  | $ | (695) |  |  | $ | 73 |  |  | $ | 170 |
Depreciation of cost in excess of book value | (155) |  |  | (280) |  |  | (311) |  |  | (560) |
Equity in income (loss) income from unconsolidated joint ventures | $ | 60 |  |  | $ | (975) |  |  | $ | (238) |  |  | $ | (390) |

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