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INVESTMENT IN VAA (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended |
--- | --- | --- | ---
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | Dec. 31, 2019
Balance Sheet |  |  |  |  |
Net real estate assets | $ 394,944 |  | $ 394,944 |  | $ 387,790
Other assets | 55,846 |  | 55,846 |  | 49,689
Total equity | (240,139) |  | (240,139) |  | $ (239,499)
Results of Operations |  |  |  |  |
Total revenue | 11,947 | $ 11,840 | 23,865 | $ 23,769 |
Depreciation and Amortization | (3,418) | (3,439) | (6,812) | (6,548) |
Net loss | 16 | 173 | 132 | 231 |
Adjustments to reconcile to income (loss) from VAA |  |  |  |  |
Loss from VAA | (735) | (236) | (1,111) | (1,291) |
Victory Abode Apartments, LLC [Member] |  |  |  |  |
Balance Sheet |  |  |  |  |
Net real estate assets | 1,232,160 | 1,247,535 | 1,232,160 | 1,247,535 |
Other assets | 57,160 | 56,474 | 57,160 | 56,474 |
Debt, net | (834,766) | (812,010) | (834,766) | (812,010) |
Other liabilities | (270,647) | (272,716) | (270,647) | (272,716) |
Total equity | (183,907) | (219,283) | (183,907) | (219,283) |
Results of Operations |  |  |  |  |
Total revenue | 29,725 | 28,927 | 59,284 | 56,328 |
Total property, operating, and maintenance expenses | (15,541) | (14,313) | (29,282) | (28,482) |
Interest expense | (14,193) | (14,799) | (29,267) | (29,869) |
Depreciation and Amortization | (7,763) | (15,523) | (15,420) | (30,756) |
Total other expense | (95) | (327) | (1,076) | (1,002) |
Net loss | (7,867) | (16,035) | (15,761) | (33,781) |
Adjustments to reconcile to income (loss) from VAA |  |  |  |  |
Interest expense on mezzanine loan | 5,264 | 6,401 | 11,137 |  |
In-place lease intangibles - amortization expense |  | 8,429 |  |  |
Depreciation basis differences | 1,133 | 733 | 2,402 |  |
Net loss | $ (1,470) | $ (472) | $ (2,222) | $ (2,582) |
Percentage ownership in VAA | 50.00% | 50.00% | 50.00% | 50.00% |
Loss from VAA | $ (735) | $ (236) | $ (1,111) | $ (1,291) |

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