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Investment in Joint Ventures (Tables) | 6 Months Ended
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Jun. 30, 2017
Equity Method Investments and Joint Ventures [Abstract] |
Investments in Joint Ventures (in thousands) |
|  |  |  |  |  |  |  |  |  |  |  |  |  | The |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Company's |
|  |  |  |  |  |  |  | Total Assets |  |  | Net Loss |  |  | Share of Net |
|  |  |  |  | Total |  |  | of the |  |  | of the |  |  | Loss of the |
|  | Ownership |  |  | Investment |  |  | Partnership |  |  | Partnership |  |  | Partnership |
As of June 30, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
RiverFront Holdings I, LLC |  | 77.14 | % |  | $8,583 |  |  | $91,641 |  |  | $ (2,019 | ) |  | $ (1,558 | )
Brooksville Quarry, LLC |  | 50.00 | % |  | 7,500 |  |  | 14,343 |  |  | (38 | ) |  | (19 | )
BC FRP Realty, LLC |  | 50.00 | % |  | 5,474 |  |  | 11,113 |  |  | — |  |  | — |
Total |  |  |  |  | $ 21,557 |  |  | $ 117,097 |  |  | $ (2,057 | ) |  | $ (1,577 | )
As of December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
RiverFront Holdings I, LLC |  | 77.14 | % |  | $10,151 |  |  | $90,420 |  |  | $ (1,446 | ) |  | $ (1,115 | )
Brooksville Quarry, LLC |  | 50.00 | % |  | 7,522 |  |  | 14,341 |  |  | (8 | ) |  | (4 | )
BC FRP Realty, LLC |  | 50.00 | % |  | 5,228 |  |  | 10,784 |  |  | — |  |  | — |
Total |  |  |  |  | $ 22,901 |  |  | $ 115,545 |  |  | $ (1,454 | ) |  | $ (1,119 | )
Financial Information for the Investments in Joint Ventures (in thousands) |
|  | As of June 30, 2017
|  | Riverfront |  | Brooksville |  | BC FRP |  |
|  | Holdings I, LLC |  | Quarry, LLC |  | Realty, LLC |  | Total
Investments in real estate, net |  | $ | 88,993 |  |  | $ | 14,309 |  |  | $ | 11,069 |  |  | $ | 114,371 |
Cash |  |  | 2,295 |  |  |  | 26 |  |  |  | 44 |  |  |  | 2,365 |
Cash held in escrow |  |  | 171 |  |  |  | — |  |  |  | — |  |  |  | 171 |
Accounts receivable |  |  | 40 |  |  |  | 6 |  |  |  | — |  |  |  | 46 |
Prepaid expenses |  |  | 142 |  |  |  | 2 |  |  |  | — |  |  |  | 144 |
Total Assets |  | $ | 91,641 |  |  | $ | 14,343 |  |  | $ | 11,113 |  |  | $ | 117,097 |
Long-term Debt |  | $ | 78,587 |  |  | $ | — |  |  | $ | — |  |  | $ | 78,587 |
Amortizable debt costs |  |  | (852 | ) |  |  | — |  |  |  | — |  |  |  | (852 | )
Other liabilities |  |  | 905 |  |  |  | 45 |  |  |  | — |  |  |  | 950 |
Capital – FRP |  |  | 8,583 |  |  |  | 7,500 |  |  |  | 5,474 |  |  |  | 21,557 |
Capital - Third Parties |  |  | 4,418 |  |  |  | 6,798 |  |  |  | 5,639 |  |  |  | 16,855 |
Total Liabilities and Capital |  | $ | 91,641 |  |  | $ | 14,343 |  |  | $ | 11,113 |  |  | $ | 117,097 |
|  | As of December 31, 2016
|  | Riverfront |  | Brooksville |  | BC FRP |  |
|  | Holdings I, LLC |  | Quarry, LLC |  | Realty, LLC |  | Total
Cash |  | $ | 1,023 |  |  | $ | 18 |  |  | $ | 21 |  |  | $ | 1,062 |
Cash held in escrow |  |  | 88 |  |  |  | — |  |  |  | — |  |  |  | 88 |
Investments in real estate, net |  |  | 89,309 |  |  |  | 14,323 |  |  |  | 10,763 |  |  |  | 114,395 |
Total Assets |  | $ | 90,420 |  |  | $ | 14,341 |  |  | $ | 10,784 |  |  | $ | 115,545 |
Other Liabilities |  | $ | 6,348 |  |  | $ | 1 |  |  | $ | 47 |  |  | $ | 6,396 |
Long-term Debt |  |  | 69,042 |  |  |  | — |  |  |  | — |  |  |  | 69,042 |
Capital – FRP |  |  | 10,151 |  |  |  | 7,522 |  |  |  | 5,228 |  |  |  | 22,901 |
Capital - Third Parties |  |  | 4,879 |  |  |  | 6,818 |  |  |  | 5,509 |  |  |  | 17,206 |
Total Liabilities and Capital |  | $ | 90,420 |  |  | $ | 14,341 |  |  | $ | 10,784 |  |  | $ | 115,545 |
Income statements for Riverfront Holdings I, LLC (in thousands) |
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2017 |  | 2016 |  | 2017 |  | 2016
Revenues: |  |  |  |  |  |  |  |
Rental Revenue |  | $ | 1,742 |  |  |  | — |  |  | $ | 3,053 |  |  |  | — |
Revenue – Reimbursements |  |  | 18 |  |  |  | — |  |  |  | 33 |  |  |  | — |
Total Revenues |  |  | 1,760 |  |  |  | — |  |  |  | 3,086 |  |  |  | — |
Cost of operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  |  | 1,095 |  |  |  | 75 |  |  |  | 1,958 |  |  |  | 97 |
Operating expenses |  |  | 621 |  |  |  | 148 |  |  |  | 1,096 |  |  |  | 216 |
Property taxes |  |  | 240 |  |  |  | — |  |  |  | 459 |  |  |  | — |
Total cost of operations |  |  | 1,956 |  |  |  | 223 |  |  |  | 3,513 |  |  |  | 313 |
Total operating profit |  |  | (196 | ) |  |  | (223 | ) |  |  | (427 | ) |  |  | (313 | )
Interest expense |  |  | (836 | ) |  |  | — |  |  |  | (1,592 | ) |  |  | — |
Net loss of the Partnership |  | $ | (1,032 | ) |  |  | (223 | ) |  | $ | (2,019 | ) |  |  | (313 | )

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66011266&loc=d3e33918-111571 + Details
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