UNCONSOLIDATED AFFILIATES (Tables)

12 Months Ended

Dec. 31, 2019

Equity Method Investments And Joint Ventures [Abstract]

Schedule of Condensed Combined Financial Statement Information - Unconsolidated Affiliates

Condensed combined financial statement information of the unconsolidated affiliates is as follows:

	December 31,
	2019			2018
ASSETS:
Investment in real estate assets	$	2,293,438		$	2,097,088
Accumulated depreciation		( 803,909	)		( 674,275	)
		1,489,529			1,422,813
Developments in progress		46,503			12,569
Net investment in real estate assets		1,536,032			1,435,382
Other assets		154,427			188,521
Total assets	$	1,690,459		$	1,623,903
LIABILITIES:
Mortgage and other indebtedness, net	$	1,417,644		$	1,319,949
Other liabilities		41,007			39,777
Total liabilities		1,458,651			1,359,726
OWNERS' EQUITY:
The Company		149,376			191,050
Other investors		82,432			73,127
Total owners' equity		231,808			264,177
Total liabilities and owners’ equity	$	1,690,459		$	1,623,903

	Year Ended December 31,
	2019			2018			2017
Total revenues	$	221,512		$	225,073		$	236,607
Depreciation and amortization		( 87,193	)		( 78,174	)		( 80,102	)
Other operating expenses		( 67,784	)		( 72,056	)		( 71,293	)
Interest and other income		1,555			1,415			1,671
Interest expense		( 55,727	)		( 52,803	)		( 51,843	)
Gain on extinguishment of debt		83,635			—			—
Loss on impairment		—			( 89,826	)		—
Gain on sales of real estate assets		630			3,056			555
Net income (loss) ⁽¹⁾	$	96,628		$	( 63,315	)	$	35,595

(1)

The Company's pro rata share of net income (loss) is $ 4,940, $ 14,677 and $ 22,939 for the years ended December 31, 2019, 2018 and 2017, respectively, and is included in equity in earnings of unconsolidated affiliates in the consolidated statements of operations.