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Investment in Unconsolidated Real Estate Ventures (Tables) | 9 Months Ended
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Sep. 30, 2020
Equity Method Investments and Joint Ventures [Abstract] |
Summary of Financial Position of Real Estate Ventures | The following is a summary of the financial position of the Real Estate Ventures in which the Company held interests as of September 30, 2020 and December 31, 2019 (in thousands):
| September 30, 2020 |  | December 31, 2019
Net property | $ | 1,363,889 |  |  | $ | 834,367 |
Other assets | 442,834 |  |  | 342,002 |
Other liabilities | 323,442 |  |  | 290,071 |
Debt, net | 833,716 |  |  | 585,068 |
Equity (a) | 649,565 |  |  | 301,230 |
(a) This amount does not include the effect of the basis difference between the Company's historical cost basis and the basis recorded at the real estate venture level, which is typically amortized over the life of the related assets and liabilities. Basis differentials occur from the impairment of investments, purchases of third party interests in existing real estate ventures and upon the transfer of assets that were previously owned by the Company into a real estate venture. In addition, certain acquisition, transaction and other costs may not be reflected in the net assets at the real estate venture level.
Investment in Real Estate Ventures and Share of Real Estate Ventures' Income (Loss) | The following is a summary of results of operations of the Real Estate Ventures in which the Company held interests during the three and nine-month periods ended September 30, 2020 and 2019 (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
Revenue | $ | 43,109 |  |  | $ | 32,726 |  |  | $ | 105,554 |  |  | $ | 101,148 |
Operating expenses | (23,870 | ) |  | (17,869 | ) |  | (59,838 | ) |  | (53,956 | )
Interest expense, net | (6,175 | ) |  | (6,180 | ) |  | (16,320 | ) |  | (16,421 | )
Depreciation and amortization | (22,345 | ) |  | (13,094 | ) |  | (47,493 | ) |  | (40,279 | )
Gain on early extinguishment of debt | — |  |  | 4,371 |  |  | — |  |  | 4,371 |
Net loss | $ | (9,281 | ) |  | $ | (46 | ) |  | $ | (18,097 | ) |  | $ | (5,137 | )
Ownership interest % | Various |  |  | Various |  |  | Various |  |  | Various |
Company's share of net income (loss) | $ | (5,812 | ) |  | $ | (1,945 | ) |  | $ | (9,892 | ) |  | $ | (4,765 | )
Basis adjustments and other | 24 |  |  | (20 | ) |  | 10 |  |  | (49 | )
Equity in loss of Real Estate Ventures | $ | (5,788 | ) |  | $ | (1,965 | ) |  | $ | (9,882 | ) |  | $ | (4,814 | )

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
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- Definition Tabular disclosure of the summary of investment holdings. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-12B) -URI http://asc.fasb.org/extlink&oid=120401592&loc=d3e611197-123010 + Details
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