XML 51 R39.htm IDEA: XBRL DOCUMENT v3.21.1
VARIABLE INTEREST ENTITIES, CONTINGENT LIABILITY AND CONSOLIDATED JOINT VENTURES - Consolidated Joint Ventures (Details)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
USD ($)
item
Dec. 31, 2020
USD ($)
Consolidated VIEs Carrying Amount of Assets and Liabilities    
Land $ 191,050 $ 190,391
Unbilled rent receivable 15,391 15,438
Unamortized intangible lease assets, net 23,306 24,703
Escrow, deposits and other assets and receivables 18,953 20,667
Mortgages payable, net of unamortized deferred financing costs of $238 and $253, respectively 424,271 429,704
Accrued expenses and other liabilities 20,260 21,498
Unamortized intangible lease liabilities, net 10,794 11,189
Accumulated other comprehensive loss (3,504) (5,002)
Non-controlling interests in consolidated joint ventures [1] 1,198 1,193
Mortgages payable    
Consolidated VIEs Carrying Amount of Assets and Liabilities    
Mortgages payable, net of unamortized deferred financing costs of $238 and $253, respectively 424,271 429,704
Unamortized deferred financing costs $ 3,684 3,845
Consolidated Joint Venture-VIEs    
Variable Interest Entities    
Number of joint ventures with controlling interest | item 4  
Consolidated VIEs Carrying Amount of Assets and Liabilities    
Land $ 12,158 12,158
Buildings and improvements, net of accumulated depreciation of $5,454 and $5,232, respectively 23,284 23,372
Accumulated depreciation 5,454 5,232
Cash 1,195 1,102
Unbilled rent receivable 856 861
Unamortized intangible lease assets, net 605 627
Escrow, deposits and other assets and receivables 1,051 1,089
Mortgages payable, net of unamortized deferred financing costs of $238 and $253, respectively 23,313 23,530
Accrued expenses and other liabilities 885 752
Unamortized intangible lease liabilities, net 513 526
Accumulated other comprehensive loss (99) (127)
Non-controlling interests in consolidated joint ventures $ 1,198 1,193
Consolidated Joint Venture-VIEs | Minimum    
Variable Interest Entities    
Ownership interest in consolidated joint venture of the company (as a percent) 90.00%  
Consolidated Joint Venture-VIEs | Maximum    
Variable Interest Entities    
Ownership interest in consolidated joint venture of the company (as a percent) 95.00%  
Consolidated Joint Venture-VIEs | Mortgages payable    
Consolidated VIEs Carrying Amount of Assets and Liabilities    
Unamortized deferred financing costs $ 238 $ 253
[1] The Company’s consolidated balance sheets include assets and liabilities of consolidated variable interest entities (“VIEs”). See Note 4. The consolidated balance sheets include the following amounts related to the Company’s consolidated VIEs: $12,158 and $12,158 of land, $23,284 and $23,372 of building and improvements, net of $5,454 and $5,232 of accumulated depreciation, $3,707 and $3,679 of other assets included in other line items, $23,313 and $23,530 of real estate debt, net, $1,398 and $1,278 of other liabilities included in other line items and $1,198 and $1,193 of non-controlling interests as of March 31, 2021 and December 31, 2020, respectively.