Unconsolidated Affiliates (Tables)

12 Months Ended

Dec. 31, 2022

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, 2022			December 31, 2021
ASSETS:
Investment in real estate assets	$	1,971,348		$	2,364,154
Accumulated depreciation		(829,574	)		(934,374	)
		1,141,774			1,429,780
Developments in progress		10,914			7,288
Net investment in real estate assets		1,152,688			1,437,068
Other assets		170,756			188,683
Total assets	$	1,323,444		$	1,625,751
LIABILITIES:
Mortgage and other indebtedness, net	$	1,333,152		$	1,452,794
Other liabilities		33,419			64,598
Total liabilities		1,366,571			1,517,392
OWNERS' EQUITY:
The Company		3,123			102,792
Other investors		(46,250	)		5,567
Total owners' equity (deficit)		(43,127	)		108,359
Total liabilities and owners’ equity	$	1,323,444		$	1,625,751


.	Year Ended December 31,
	2022		2021		2020
Total revenues	$	260,275	$	251,933	$	213,319
Net income (loss) (1)	$	137,454	$	58,596	$	(12,659	)

(1)

The Successor Company's and the Predecessor Company's pro rata share of net income (loss) is included in equity in earnings (losses) of unconsolidated affiliates for each period presented in the accompanying consolidated statements of operations. The Successor Company's pro rata share of net income was $19,796 for the year ended December 31, 2022. The Successor Company’s pro rata share of net income was $797 for the period from November 1, 2021 through December 31, 2021. The Predecessor Company’s pro rata share of net loss was $10,823 for the period from January 1, 2021 through October 31, 2021. The Predecessor Company’s pro rata share of net loss was $14,854 for the year ended December 31, 2020.