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Contingencies (Tables) | 6 Months Ended
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Jun. 30, 2019
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, 2019 and December 31, 2018:
|  | As of June 30, 2019 |  | 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) |  | 6/30/2019 |  | 12/31/2018
West Melbourne I, LLC - Phase I (2) |  | 50% |  | $ | 40,197 |  |  | 50 | % |  |  | $ | 20,099 |  |  | Feb-2021 |  |  | $ | 201 |  |  | $ | 203 |
West Melbourne I, LLC - Phase II (2) |  | 50% |  | 15,827 |  |  | 50 | % |  |  | 7,914 |  |  | Feb-2021 |  |  | 79 |  |  | 80 |
Port Orange I, LLC |  | 50% |  | 54,629 |  |  | 50 | % |  |  | 27,315 |  |  | Feb-2021 |  |  | 273 |  |  | 280 |
Ambassador Infrastructure, LLC |  | 65% |  | 10,050 |  |  | 100 | % |  |  | 10,050 |  |  | Aug-2020 |  |  | 101 |  |  | 106 |
Shoppes at Eagle Point, LLC |  | 50% |  | 35,189 |  |  | 35 | % | (3) |  | 12,740 |  |  | Oct-2020 | (4) |  | 127 |  |  | 364 |
EastGate Storage, LLC |  | 50% |  | 6,000 |  |  | 50 | % | (5) |  | 3,000 |  |  | Dec-2022 |  |  | 32 |  |  | 65 |
Self-Storage at Mid Rivers, LLC |  | 50% |  | 5,434 |  |  | 50 | % | (6) |  | 2,717 |  |  | Apr-2023 |  |  | 30 |  |  | 60 |
Parkdale Self Storage, LLC |  | 50% |  | — |  |  | 100 | % | (7) |  | 6,500 |  |  | Jul-2024 |  |  | — |  |  | — |
|  |  |  |  |  | Total guaranty liability |  |  | $ | 843 |  |  | $ | 1,158 |
(1) | Excludes any extension options.
(2) | The loan is secured by Hammock Landing - Phase I and Hammock Landing - Phase II, respectively.
(3) | The guaranty is for a fixed amount of $12,740 throughout the term of the loan, including any extensions.
(4) | The loan has one two-year extension option, at the joint venture's election, for an outside maturity date of October 2022.
(5) | The guaranty was reduced to 50% once construction was completed during the second quarter of 2019. The guaranty may be further reduced to 25% once certain debt and operational metrics are met.
(6) | The Company received a 1% fee for the guaranty when the loan was issued in April 2018. The guaranty was reduced to 50% once construction was completed during the second quarter of 2019. The guaranty may be further reduced to 25% once certain debt and operational metrics are met.
(7) Parkdale Self Storage, LLC, a 50/50 joint venture, closed on a construction loan with a total borrowing capacity of up to $6,500 for the development of a climate controlled self-storage facility adjacent to Parkdale Mall in Beaumont, TX. The Operating Partnership has a joint and several guaranty with its 50/50 partner. Therefore, the maximum guarantee is 100% of the loan.

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