Unconsolidated Affiliates (Tables)

12 Months Ended

Dec. 31, 2021

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, 2021 ⁽¹⁾			December 31, 2020 ⁽¹⁾
ASSETS:
Investment in real estate assets	$	2,364,154		$	2,346,124
Accumulated depreciation		(934,374	)		(862,435	)
		1,429,780			1,483,689
Developments in progress		7,288			28,138
Net investment in real estate assets		1,437,068			1,511,827
Other assets		188,683			174,966
Total assets	$	1,625,751		$	1,686,793
LIABILITIES:
Mortgage and other indebtedness, net	$	1,452,794		$	1,439,454
Other liabilities		64,598			45,280
Total liabilities		1,517,392			1,484,734
OWNERS' EQUITY:
The Company		102,792			132,350
Other investors		5,567			69,709
Total owners' equity		108,359			202,059
Total liabilities and owners’ equity	$	1,625,751		$	1,686,793

(1)	In conjunction with fresh start accounting, the Successor Company did not elect push-down accounting for any of its unconsolidated joint ventures. Amounts reflect the inside basis in the respective joint ventures.

	Year Ended December 31,
	2021		2020			2019
Total revenues	$	251,933	$	213,319		$	221,512
Net income (loss) ⁽¹⁾	$	58,596	$	(12,659	)	$	96,628

(1)

The Successor Company’s pro rata share of net income is $797 for the period from November 1, 2021 through December 31, 2021 and is included in equity in earnings (losses) of unconsolidated affiliates in the accompanying consolidated statements of operations. The Predecessor Company’s pro rata share of net loss is $10,823 for the period from January 1, 2021 through October 31, 2021 and is included in equity in earnings (losses) of unconsolidated affiliates in the accompanying consolidated statements of operations. The Predecessor Company’s pro rata share of net income (loss) is $(14,854) and 4,940 for the years ended December 31, 2020 and 2019, respectively, and is included in equity in earnings (losses) of unconsolidated affiliates in the accompanying consolidated statements of operations.