XML 46 R32.htm IDEA: XBRL DOCUMENT
v3.19.1

Investments in Joint Ventures (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Equity Method Investments and Joint Ventures [Abstract] |
Investments in Joint Ventures (in thousands) |
|  |  |  |  |  |  |  |  |  |  |  |  |  | The |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Company's |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Share of |
|  | Common |  |  | Total |  |  | Total Assets of |  |  | Profit (Loss) |  |  | Profit (Loss) of |
|  | Ownership |  |  | Investment |  |  | The Partnership |  |  | Of the Partnership |  |  | the Partnership |
As of December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Brooksville Quarry, LLC |  | 50.00 | % | $ | 7,449 |  |  | 14,325 |  |  | (122 | ) |  | (61 | )
BC FRP Realty, LLC |  | 50.00 | % |  | 5,976 |  |  | 21,371 |  |  | — |  |  | — |
Essexshire Loan |  |  |  |  | 594 |  |  | 594 |  |  | 39 |  |  | 39 |
RiverFront Holdings II, LLC |  | 80.00 | % |  | 19,865 |  |  | 38,869 |  |  | (66 | ) |  | (66 | )
Bryant Street Partnerships |  | 61.36 | % |  | 55,000 |  |  | 77,541 |  |  | — |  |  | — |
Total |  |  |  | $ | 88,884 |  |  | 152,700 |  |  | (149 | ) |  | (88 | )
As of December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
RiverFront Holdings I, LLC (1) |  |  | — | $ | — |  |  | — |  |  | (2,019 | ) |  | (1,558 | )
Brooksville Quarry, LLC |  | 50.00 | % |  | 7,516 |  |  | 14,411 |  |  | (80 | ) |  | (40 | )
BC FRP Realty, LLC |  | 50.00 | % |  | 5,890 |  |  | 15,027 |  |  | — |  |  | — |
Total |  |  |  | $ | 13,406 |  |  | 29,438 |  |  | (2,099 | ) |  | (1,598 | )
Joint Venture balance sheets (in thousands) |
|  | As of December 31, 2018 |  |  |
|  | Brooksville |  | BC FRP |  | Essexshire |  | RiverFront |  | Bryant Street |  |  |
|  | Quarry, LLC |  | Realty, LLC |  | Loan |  | Holdings II, LLC |  | Partnerships |  | Total |
Investments in real estate, net |  | $ | 14,299 |  |  |  | 21,352 |  |  |  | 594 |  |  |  | 38,793 |  |  |  | 41,821 |  |  | $ | 116,859 |
Cash and cash equivalents |  |  | 20 |  |  |  | 11 |  |  |  | — |  |  |  | 76 |  |  |  | 35,670 |  |  |  | 35,777 |
Deferred costs |  |  | 6 |  |  |  | 8 |  |  |  | — |  |  |  | — |  |  |  | 50 |  |  |  | 64 |
Total Assets |  | $ | 14,325 |  |  |  | 21,371 |  |  |  | 594 |  |  |  | 38,869 |  |  |  | 77,541 |  |  | $ | 152,700 |
Secured notes payable |  | $ | — |  |  |  | 9,549 |  |  |  | — |  |  |  | — |  |  |  | — |  |  | $ | 9,549 |
Other liabilities |  |  | 119 |  |  |  | 38 |  |  |  | — |  |  |  | 1,887 |  |  |  | 2,886 |  |  |  | 4,930 |
Capital – FRP |  |  | 7,449 |  |  |  | 5,892 |  |  |  | 594 |  |  |  | 31,347 |  |  |  | 55,000 |  |  |  | 100,282 |
Capital - Third Parties |  |  | 6,757 |  |  |  | 5,892 |  |  |  | — |  |  |  | 5,635 |  |  |  | 19,655 |  |  |  | 37,939 |
Total Liabilities and Capital |  | $ | 14,325 |  |  |  | 21,371 |  |  |  | 594 |  |  |  | 38,869 |  |  |  | 77,541 |  |  | $ | 152,700 |
Income statements for Riverfront Holdings I, LLC (in thousands) |
|  | Year ended
|  | December 31,
|  | 2017
Revenues: |  |  |  |
Rental Revenue |  | $ | 3,053 |
Revenue – Reimbursements |  |  | 33 |
Total Revenues |  |  | 3,086 |
Cost of operations: |  |  |  |
Depreciation and amortization |  |  | 1,958 |
Operating expenses |  |  | 1,096 |
Property taxes |  |  | 459 |
Total cost of operations |  |  | 3,513 |
Total operating profit |  |  | (427 | )
Interest expense |  |  | (1,592 | )
Net loss of the Partnership |  | $ | (2,019 | )

X
- References No definition available. + Details
Name: | FRPH_RiverfrontHoldingsIncomeStatements
Namespace Prefix: | FRPH_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_EquityMethodInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of nonconsolidated investments in real estate including interests in corporations, partnerships and joint ventures. Disclosures may include summarized aggregate financial statements for the real estate investments. + References No definition available. + Details
Name: | us-gaap_RealEstateInvestmentFinancialStatementsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration