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INVESTMENT IN VAA (Tables) | 12 Months Ended
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Dec. 31, 2019
Equity Method Investments and Joint Ventures [Abstract] |
Schedule of the financial position and results of operations of VAA | The following is a summary of the financial position and results of operations of VAA (dollars in thousands):
|  | As of December 31,
Balance Sheet |  | 2019 |  | 2018
Net real estate assets |  | $ | 1,242,957 |  |  | $ | 1,257,557 |
Other assets |  |  | 62,222 |  |  |  | 67,020 |
Debt, net |  |  | (832,779 | ) |  |  | (791,225 | )
Other liabilities |  |  | (271,291 | ) |  |  | (280,288 | )
Total equity |  |  | (201,109 | ) |  |  | (253,064 | )
Results of Operations |  | For the Year Ended December 31, 2019 |  | For the period November 19 to December 31, 2018
Total revenue |  | $ | 115,377 |  |  | $ | 12,887 |
Total property, operating, and maintenance expenses |  |  | (56,967 | ) |  |  | (4,507 | )
Interest expense |  |  | (61,487 | ) |  |  | (5,818 | )
Depreciation and Amortization |  |  | (43,942 | ) |  |  | (6,987 | )
Total other expense |  |  | (3,377 | ) |  |  | (5,297 | )
Net loss |  | $ | (50,396 | ) |  | $ | (9,722 | )
The following is a reconciliation from VAA’s net loss to TCI’s equity in earnings from VAA (dollars in thousands):
|  | For the Year Ended December 31, 2019 |  | For the period November 19 to December 31, 2018
VAA net loss |  | $ | (50,396 | ) |  | $ | (9,722 | )
Adjustments to reconcile to income (loss) from VAA |  |  |  |  |  |  |  |
Interest expense on mezzanine loan |  |  | 25,014 |  |  |  | 2,815 |
In-place lease intangibles - amortization expense |  |  | 14,703 |  |  |  | 3,983 |
Depreciation basis differences |  |  | 5,132 |  |  |  | 3,012 |
Net loss |  | $ | (5,547 | ) |  | $ | 88 |
Percentage ownership in VAA |  |  | 50 | % |  |  | 50 | %
Loss from VAA |  | $ | (2,774 | ) |  | $ | 44 |
Schedule of the location of properties owned by VAA | The following table sets forth the location of our real estate held for investment (income-producing properties only) by asset type as of December 31, 2019:
|  | Apartments |
Location |  |  | No. |  |  |  | Units |
Alabama |  |  | 1 |  |  |  | 168 |
Arkansas |  |  | 5 |  |  |  | 1,122 |
Colorado |  |  | 2 |  |  |  | 260 |
Florida |  |  | 2 |  |  |  | 388 |
Georgia |  |  | 1 |  |  |  | 222 |
Louisiana |  |  | 3 |  |  |  | 464 |
Mississippi |  |  | 1 |  |  |  | 196 |
North Carolina |  |  | 1 |  |  |  | 201 |
Nevada |  |  | 1 |  |  |  | 308 |
Tennessee |  |  | 4 |  |  |  | 708 |
Texas-Greater Dallas-Ft Worth |  |  | 19 |  |  |  | 3,749 |
Texas-Greater Houston |  |  | 2 |  |  |  | 416 |
Texas-Other |  |  | 9 |  |  |  | 1,726 |
Total |  |  | 51 |  |  |  | 9,888 |
Schedule of apartment projects in development | At December 31, 2019, our apartment projects in development included (dollars in thousands):
Property |  | Location |  |  | No. of Units |  |  | Costs to Date (1) |  |  | Total Projected Costs (1) |
Lakeside Lofts apartments |  | Farmers Branch, TX |  |  |  | 249 |  |  | $ | 50,357 |  |  | $ | 80,622 |
Total |  |  |  |  |  | 249 |  |  | $ | 50,357 |  |  | $ | 80,622 |
(1) Costs include construction hard costs, construction soft costs and loan borrowing costs.

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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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