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Contingencies (Tables) | 6 Months Ended
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Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract] |
Schedule of guarantees | The following table represents the Operating Partnership's guarantees of unconsolidated affiliates' debt as reflected in the accompanying condensed consolidated balance sheets as of June 30, 2016 and December 31, 2015:
|  | As of June 30, 2016 |  | Obligation recorded to reflect guaranty
Unconsolidated Affiliate |  | Company's Ownership Interest |  | Outstanding Balance |  | Percentage Guaranteed by the Operating Partnership |  | Maximum Guaranteed Amount |  | Debt Maturity Date (1) |  | 6/30/2016 |  | 12/31/2015
West Melbourne I, LLC - Phase I |  | 50% |  | $ | 43,147 |  |  | 20% | (2) | $ | 8,629 |  |  | Feb-2018 | (3) | $ | 86 |  |  | $ | 99 |
West Melbourne I, LLC - Phase II |  | 50% |  | 16,677 |  |  | 20% | (2) | 3,335 |  |  | Feb-2018 | (3) | 33 |  |  | 87 |
Port Orange I, LLC |  | 50% |  | 58,348 |  |  | 20% | (2) | 11,670 |  |  | Feb-2018 | (3) | 117 |  |  | 148 |
Fremaux Town Center JV, LLC - Phase I |  | 65% |  | — |  |  | —% | (4) | — |  |  | Aug-2016 |  | — |  |  | 62 |
Fremaux Town Center JV, LLC - Phase II |  | 65% |  | — |  |  | —% | (4) | — |  |  | Aug-2016 |  | — |  |  | 161 |
Ambassador Town Center JV, LLC |  | 65% |  | — |  |  | —% | (4) | — |  |  | Dec-2017 |  | — |  |  | 462 |
Ambassador Infrastructure, LLC |  | 65% |  | 11,700 |  |  | 100% | (5) | 11,700 |  |  | Dec-2017 | (6) | 177 |  |  | 177 |
|  |  |  |  |  | Total guaranty liability |  | $ | 413 |  |  | $ | 1,196 |
(1) | Excludes any extension options.
(2) | The guaranty was reduced from 25% to 20% when the loan was modified and extended in February 2016. See Note 5.
(3) | The loan has a one-year extension option, which is at the unconsolidated affiliate's election, for an outside maturity date of February 2019.
(4) | The guaranty was removed in June 2016 when the construction loan was retired using proceeds from a non-recourse mortgage loan. See Note 5 for additional information.
(5) | The guaranty will be reduced to 50% on March 1st of such year as payment-in-lieu of taxes ("PILOT") payments received and attributed to the prior calendar year by Ambassador Infrastructure and delivered to the lender are $1,200 or more, provided no event of default exists. The guaranty will be reduced to 20% when the PILOT payments are $1,400 or more, provided no event of default exists.
(6) | The loan has two one-year extension options, which are the unconsolidated affiliate's election, for an outside maturity date of December 2019.

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