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v3.19.2

Investment in Joint Ventures (Tables) | 6 Months Ended
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Jun. 30, 2019
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 June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Brooksville Quarry, LLC |  | 50.00 | % | $ | 7,478 |  |  | 14,309 |  |  | (44 | ) |  | (22 | )
BC FRP Realty, LLC |  | 50.00 | % |  | 5,652 |  |  | 22,425 |  |  | (660 | ) |  | (330 | )
Hyde Park |  |  |  |  | 859 |  |  | 859 |  |  | — |  |  | — |
RiverFront Holdings II, LLC |  | 80.00 | % |  | 25,453 |  |  | 65,957 |  |  | (391 | ) |  | (386 | )
Bryant Street Partnerships |  | 61.36 | % |  | 55,495 |  |  | 79,580 |  |  | 202 |  |  | 202 |
Total |  |  |  | $ | 94,937 |  |  | 183,130 |  |  | (893 | ) |  | (536 | )
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 |  |  | — |  |  | — |
Hyde Park |  |  |  |  | 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 | )
Joint Venture balance sheets (in thousands) |
|  | As of June 30, 2019 |  |  |
|  | Brooksville |  | BC FRP |  |  |  | RiverFront |  | Bryant Street |  |  |
|  | Quarry, LLC |  | Realty, LLC |  | Hyde Park |  | Holdings II, LLC |  | Partnerships |  | Total |
Investments in real estate, net |  | $ | 14,296 |  |  |  | 22,281 |  |  |  | 859 |  |  |  | 65,704 |  |  |  | 59,816 |  |  | $ | 162,956 |
Cash and cash equivalents |  |  | 11 |  |  |  | 17 |  |  |  | — |  |  |  | 253 |  |  |  | 14,714 |  |  |  | 14,995 |
Unrealized rents & receivables |  |  | — |  |  |  | 26 |  |  |  | — |  |  |  | — |  |  |  | 60 |  |  |  | 86 |
Deferred costs |  |  | 2 |  |  |  | 101 |  |  |  | — |  |  |  | — |  |  |  | 4,990 |  |  |  | 5,093 |
Total Assets |  | $ | 14,309 |  |  |  | 22,425 |  |  |  | 859 |  |  |  | 65,957 |  |  |  | 79,580 |  |  | $ | 183,130 |
Secured notes payable |  | $ | — |  |  |  | 11,181 |  |  |  | — |  |  |  | 12,199 |  |  |  | — |  |  | $ | 23,380 |
Other liabilities |  |  | 42 |  |  |  | 50 |  |  |  | — |  |  |  | 11,313 |  |  |  | 4,737 |  |  |  | 16,142 |
Capital – FRP |  |  | 7,478 |  |  |  | 5,597 |  |  |  | 859 |  |  |  | 36,814 |  |  |  | 55,194 |  |  |  | 105,942 |
Capital - Third Parties |  |  | 6,789 |  |  |  | 5,597 |  |  |  | — |  |  |  | 5,631 |  |  |  | 19,649 |  |  |  | 37,666 |
Total Liabilities and Capital |  | $ | 14,309 |  |  |  | 22,425 |  |  |  | 859 |  |  |  | 65,957 |  |  |  | 79,580 |  |  | $ | 183,130 |
|  | As of December 31, 2018 |  |  |
|  | Brooksville |  | BC FRP |  |  |  | RiverFront |  | Bryant Street |  |  |
|  | Quarry, LLC |  | Realty, LLC |  | Hyde Park |  | 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 |

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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 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
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