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INVESTMENT IN VAA (Tables) | 3 Months Ended
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Mar. 31, 2020
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):
|  | For the period ended March 31, |
|  | 2020 |  |  | 2019 |
Balance Sheet |  |  |  |  |  |  |  |  |
Net real estate assets |  | $ | 1,239,252 |  |  | $ | 1,257,557 |
Other assets |  |  | 48,968 |  |  |  | 67,020 |
Debt, net |  |  | (834,826 | ) |  |  | (796,065 | )
Other liabilities |  |  | (261,620 | ) |  |  | (275,448 | )
Total equity |  |  | (191,774 | ) |  |  | (253,064 | )
|  | For the Three Months Ended March 31, |
|  | 2020 |  |  | 2019 |
Results of Operations |  |  |  |  |  |  |  |  |
Total revenue |  | $ | 29,660 |  |  | $ | 27,401 |
Total property, operating, and maintenance expenses |  |  | (13,842 | ) |  |  | (14,169 | )
Interest expense |  |  | (15,074 | ) |  |  | (15,070 | )
Depreciation and Amortization |  |  | (7,657 | ) |  |  | (15,233 | )
Total other expense |  |  | (982 | ) |  |  | (675 | )
Net loss |  | $ | (7,895 | ) |  | $ | (17,746 | )
Below is a reconciliation of our allocation of income or loss from VAA.
|  | For the Three Months Ended March 31, |
|  | 2020 |  |  | 2019 |
VAA net loss |  | $ | (7,895 | ) |  | $ | (17,746 | )
Adjustments to reconcile to income (loss) from VAA |  |  |  |  |  |  |  |
Interest expense on mezzanine loan |  |  | 5,873 |  |  |  | 6,089 |
In-place lease intangibles - amortization expense |  |  | — |  |  |  | 8,336 |
Depreciation basis differences |  |  | 1,270 |  |  |  | 1,211 |
Net loss |  | $ | (752 | ) |  | $ | (2,110 | )
Percentage ownership in VAA |  |  | 50 | % |  |  | 50 | %
Loss from VAA |  | $ | (376 | ) |  | $ | (1,055 | )

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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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