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Contingencies (Tables) | 9 Months Ended
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Sep. 30, 2021
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 September 30, 2021 and December 31, 2020:
|  | As of September 30, 2021 |  |  | 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) |  |  | September 30, 2021 |  |  | December 31, 2020 |
West Melbourne I, LLC - Phase I |  | 50% |  |  | $ | 39,326 |  |  | 50% |  |  |  | $ | 19,663 |  |  | Feb-2025 | (2) |  | $ | 197 |  |  | $ | 201 |
West Melbourne I, LLC - Phase II |  | 50% |  |  |  | 14,034 |  |  | 50% |  |  |  |  | 7,017 |  |  | Feb-2025 | (2) |  |  | 70 |  |  |  | 72 |
Port Orange I, LLC |  | 50% |  |  |  | 51,998 |  |  | 50% |  |  |  |  | 25,999 |  |  | Feb-2025 | (2) |  |  | 260 |  |  |  | 266 |
Ambassador Infrastructure, LLC |  | 65% |  |  |  | 8,250 |  |  | 100% |  |  |  |  | 8,250 |  |  | Mar-2025 |  |  |  | 83 |  |  |  | 94 |
Shoppes at Eagle Point, LLC |  | 50% |  |  |  | 34,135 |  |  | 35% |  | (3) |  |  | 12,740 |  |  | Oct-2021 |  |  |  | 127 |  |  |  | 127 |
EastGate Storage, LLC |  | 50% |  |  |  | 6,460 |  |  | 50% |  | (4) |  |  | 3,230 |  |  | Dec-2022 |  |  |  | 32 |  |  |  | 33 |
Self Storage at Mid Rivers, LLC |  | 50% |  |  |  | 5,941 |  |  | 50% |  | (4) |  |  | 2,971 |  |  | Apr-2023 |  |  |  | 30 |  |  |  | 30 |
Parkdale Self Storage, LLC |  | 50% |  |  |  | 6,462 |  |  | 100% |  | (5) |  |  | 6,500 |  |  | Jul-2024 |  |  |  | 65 |  |  |  | 65 |
Hamilton Place Self Storage, LLC |  | 54% |  |  |  | 6,863 |  |  | 50% |  | (4) |  |  | 3,501 |  |  | Sep-2024 |  |  |  | 35 |  |  |  | 35 |
Atlanta Outlet JV, LLC |  | 50% |  |  |  | 4,504 |  |  | 100% |  |  |  |  | 4,504 |  |  | Nov-2023 |  |  |  | — |  |  |  | — |
Louisville Outlet Shoppes, LLC |  | 50% |  |  |  | 8,512 |  |  | 100% |  |  |  |  | 8,512 |  |  | Oct-2021 |  |  |  | — |  |  |  | — |
Total guaranty liability |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 899 |  |  | $ | 923 |
(1) | Excludes any extension options.
(2) | These loans have a one-year extension option at the joint venture’s election.
(3) | The guaranty is for a fixed amount of $12,740 throughout the term of the loan, including any extensions. Subsequent to September 30, 2021, the joint venture exercised the one-year extension option on the loan for an extended maturity date of October 2022. See Note 15.
(4) | Subject to the bankruptcy default being waived, the guaranty may be reduced to 25% once certain debt and operational metrics are met.
(5) | The guaranty was increased to 100% as a result of the Chapter 11 Cases filed by the Company.

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