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Investment in Joint Ventures (Tables)
 3 Months Ended
Mar. 31, 2021
Investments in Joint Ventures (in thousands)
                            The  
                            Company's  
                            Share of  Profit  
     Common     Total     Total Assets of     Profit (Loss)      (Loss) of  the  
    Ownership     Investment     The Partnership     Of the Partnership      Partnership (1)  
                               
As of March 31, 2021                              
Brooksville Quarry, LLC   50.00 %  $ 7,487     14,315     (22 )   (11 )
BC FRP Realty, LLC   50.00 %   5,387     22,715     (52 )   (26 )
RiverFront Holdings II, LLC (1)         —     —     (760 )   (639 )
Bryant Street Partnerships   61.36 %   59,907     187,509     (1,137 )   (1,061 )
Hyde Park         591     591     —      —   
DST Hickory Creek   26.65 %   6,000     47,469     (99 )   84  
Amber Ridge Loan         10,197     10,197     —      —   
1800 Half St. Owner, LLC   61.37 %   38,027     59,005     16     18  
Greenville/Woodfield Partnerships   40.00 %   16,304     57,092     —      —  
   Total        $ 143,900     398,893       (2,054 )     (1,635 )
                               
                            The  
                            Company's  
                            Share of  Profit  
     Common     Total     Total Assets of     Profit (Loss)      (Loss) of  the  
    Ownership     Investment     The Partnership     Of the Partnership      Partnership (1)  
                               
As of December 31, 2020                              
Brooksville Quarry, LLC   50.00 %  $ 7,499     14,347     (78 )   (39 )
BC FRP Realty, LLC   50.00 %   5,184     22,747     (411 )   (207 )
RiverFront Holdings II, LLC   80.00 %   23,533     108,538     (4,573 )   (3,907 )
Bryant Street Partnerships   61.36 %   60,159     173,814     (836 )   (2,130 )
Hyde Park         591     591     —      —   
DST Hickory Creek   26.65 %   6,000     47,761     (367 )   339  
Amber Ridge Loan         10,026     10,026     —      —   
1800 Half St. Owner, LLC   61.37 %   37,875     54,275     158     164  
Greenville/Woodfield Partnerships   40.00 %   16,204     46,457     182     90  
   Total        $ 167,071     478,556       (5,925 )     (5,690 )
                               
Joint Venture financial statements (in thousands)
  As of March 31, 2021   Total
  RiverFront   Bryant Street   DST Hickory   1800 Half St.   Greenville/   Apartment/
  Holdings II, LLC   Partnership   Creek   Partnership   Woodfield   Mixed Use
                       
Investments in real estate, net $  0       186,148       44,972       46,099       56,946      $ 334,165  
Cash and cash equivalents   0       1,092       1,251       10,096       146       12,585  
Unrealized rents & receivables   0       203       858       0       0       1,061  
Deferred costs   0       66       388       2,810       0       3,264  
   Total Assets $  0       187,509       47,469       59,005       57,092     $ 351,075  
                                             

 

 

Secured notes payable $  0       93,798       29,303       0       9,789     $ 132,890  
Other liabilities   0       16,180       219       4,206       7,396       28,001  
Capital - FRP   0       58,139       4,783       37,482       15,963       116,367  
Capital – Third Parties   0       19,392       13,164       17,317       23,944       73,817  
   Total Liabilities and Capital $  0       187,509       47,469       59,005       57,092     $ 351,075  

 

 

  As of March 31, 2021    
  Brooksville   BC FRP       Amber Ridge   Apartment/   Grand
  Quarry, LLC   Realty, LLC   Hyde Park   Loan   Mixed Use   Total
                       
Investments in real estate, net.  $ 14,285       21,943       591       10,197       334,165      $ 381,181  
Cash and cash equivalents   27       213       0       0       12,585       12,825  
Unrealized rents & receivables   0       272       0       0       1,061       1,333  
Deferred costs   3       287       0       0       3,264       3,554  
   Total Assets  $ 14,315       22,715       591       10,197       351,075     $ 398,893  
                                               
Secured notes payable  $ 0       11,943       0       0       132,890     $ 144,833  
Other liabilities   20       112       0       0       28,001       28,133  
Capital - FRP   7,487       5,330       591       10,197       116,367       139,972  
Capital - Third Parties   6,808       5,330       0       0       73,817       85,955  
   Total Liabilities and Capital  $ 14,315       22,715       591       10,197       351,075     $ 398,893  

 

  As of December 31, 2020   Total
  RiverFront   Bryant Street   DST Hickory   1800 Half St.   Greenville/   Apartment/
  Holdings II, LLC   Partnership   Creek   Partnership   Woodfield   Mixed Use
                       
Investments in real estate, net $  105,737       173,560       45,379       37,452       42,668      $ 404,796  
Cash and cash equivalents   2,626       111       1,202       14,011       3,554       21,504  
Unrealized rents & receivables   13       58       775       2       0       848  
Deferred costs   162       85       405       2,810       235       3,697  
   Total Assets $  108,538       173,814       47,761       54,275       46,457     $ 430,845  
                                             

 

 

Secured notes payable $  64,982       72,471       29,291       0       1,776     $ 168,520  
Other liabilities   4,189       22,952       107       1,953       4,774       33,975  
Capital - FRP   34,667       58,559       4,894       37,466       15,963       151,549  
Capital - Third Parties   4,700       19,832       13,469       14,856       23,944       76,801  
   Total Liabilities and Capital $  108,538       173,814       47,761       54,275       46,457     $ 430,845  

 

  As of December 31, 2020    
  Brooksville   BC FRP       Amber Ridge   Apartment/   Grand
  Quarry, LLC   Realty, LLC   Hyde Park   Loan   Mixed Use   Total
                       
Investments in real estate, net.  $ 14,287       22,067       591       10,026       404,796      $ 451,767  
Cash and cash equivalents   55       90       0       0       21,504       21,649  
Unrealized rents & receivables   0       254       0       0       848       1,102  
Deferred costs   5       336       0       0       3,697       4,038  
   Total Assets  $ 14,347       22,747       591       10,026       430,845     $ 478,556  
                                               
Secured notes payable  $ 0       12,370       0       0       168,520     $ 180,890  
Other liabilities   28       123       0       0       33,975       34,126  
Capital - FRP   7,499       5,127       591       10,026       151,549       174,792  
Capital - Third Parties   6,820       5,127       0       0       76,801       88,748  
   Total Liabilities and Capital  $ 14,347       22,747       591       10,026       430,845     $ 478,556  
RiverFront Holdings II, LLC  
Joint Venture financial statements (in thousands)
    RiverFront   RiverFront   RiverFront   RiverFront  
    Holdings II, LLC.   Holdings II, LLC.   Holdings II, LLC.   Holdings II, LLC.  
    Total JV   Company Share   Total JV   Company Share  
Maren   Three Months ended   Three Months ended   Three Months ended   Three Months ended  
    March 31,   March 31,   March 31,   March 31,  
    2021   2021   2020   2020  
Revenues:                                
    Rental Revenue   $ 1,836     $ 1,469     $ —       $ —    
    Revenue – other     168       134       2         2    
Total Revenues     2,004       1,603       2         2    
                                 
Cost of operations:                                
     Depreciation and amortization     942       754       —         —    
     Operating expenses     721       576       236       190  
     Property taxes     215       172       8       6  
Total cost of operations     1,878       1,502       244       196  
                                 
Total operating profit     126       101       (242 )     (194 )
Interest expense     (886 )     (740 )     —         (197 )
                                 
Net loss before tax     (760 )     (639 )     (242 )     (391 )
Bryant Street Partnerships  
Joint Venture financial statements (in thousands)
    Bryant Street   Bryant Street
    Partnerships   Partnerships
    Total JV   Company Share
Bryant   Three Months ended   Three Months ended
    March 31,   March 31,
    2021   2021
Revenues:                
    Rental Revenue   $ 17     $ 10  
    Revenue – other     19       12  
Total Revenues     36       22  
                 
Cost of operations:                
     Depreciation and amortization     366       225  
     Operating expenses     507       311  
     Property taxes     0       0  
Total cost of operations     873       536  
                 
Total operating profit     (837 )     (514 )
Interest expense     (300 )     (547 )
                 
Net loss before tax     (1,137 )     (1,061 )