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Investments in and Advances to Joint Ventures | 3 Months Ended
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Mar. 31, 2024
Equity Method Investments and Joint Ventures [Abstract] |
Investments in and Advances to Joint Ventures | 3. Investments in and Advances to Joint Ventures At March 31, 2024 and December 31, 2023, the Company had ownership interests in various unconsolidated joint ventures that had investments in 13 shopping center properties. The changes to Investments in and Advances to Joint Ventures are as follows (in thousands):
Balance, December 31, 2023 | $ | 39,372 |
Equity in net loss |  | (153 | )
Amortization of basis differentials |  | 170 |
Repayment of advances |  | (730 | )
Capitalized costs |  | 44 |
Change in fair value of derivative |  | (96 | )
Balance, March 31, 2024 | $ | 38,607 |
A reconciliation of the consolidated joint venture equity is as follows (in thousands):
| March 31, 2024 |  |  | December 31, 2023 |
Company's share of accumulated equity | $ | 35,365 |  |  | $ | 35,782 |
Basis differentials |  | 1,367 |  |  |  | 1,099 |
Deferred development fees, net of portion related to the Company's interest |  | (132 | ) |  |  | (136 | )
Amounts payable to the Company |  | 2,007 |  |  |  | 2,627 |
Investments in and Advances to Joint Ventures, net | $ | 38,607 |  |  | $ | 39,372 |
Revenues earned by the Company for providing asset management, property management and leasing and development services to all of the Company’s unconsolidated joint ventures were $1.4 million and $1.8 million for the three months ended March 31, 2024 and 2023, respectively.

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3 Reference 3: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 323 -SubTopic 740 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481543/323-740-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 323 -Publisher FASB -URI https://asc.fasb.org//323/tableOfContent + Details
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