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Investment in Unconsolidated Joint Ventures (Tables) | 12 Months Ended
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Dec. 31, 2021
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, 2021 |  | December 31, 2020
Equity basis of the joint venture investments | $ | (6,341) |  |  | $ | (6,687) |
Cost of the joint venture investments in excess of the joint venture book value | 12,863 |  |  | 13,485 |
Investment in unconsolidated joint ventures | $ | 6,522 |  |  | $ | 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 loss from unconsolidated joint ventures (in thousands):
| For the year ended December 31,
| 2021 |  | 2020 |  | 2019
Operating income (loss) | $ | 145 |  |  | $ | (913) |  |  | $ | 1,667 |
Depreciation of cost in excess of book value | (622) |  |  | (995) |  |  | (1,265) |
Impairment loss | — |  |  | (6,546) |  |  | — |
Loss on sale | — |  |  | — |  |  | (2,075) |
Equity in loss from unconsolidated joint ventures | $ | (477) |  |  | $ | (8,454) |  |  | $ | (1,673) |

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