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Investment in Unconsolidated Joint Ventures (Tables)
9 Months Ended
Sep. 30, 2020
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of the financial position and results of operations - unconsolidated parent

The following is a summary of the financial position and results of operations of our unconsolidated joint:  

 

    September 30, 2020   December 31, 2019
    VAA   Other   Total   VAA   Other   Total
Assets                        
Property, net   $ 1,224,905     $ 12,472     $ 1,237,377     $ 1,242,957     $ 13,041     $ 1,255,998  
Notes receivable     —         11,053       11,053       —         11,076       11,076  
Other assets     56,660       39,382       96,042       62,222       33,708       95,930  
Total Assets   $ 1,281,565     $ 62,907     $ 1,344,472     $ 1,305,179     $ 57,825     $ 1,363,004  
Liabilities and partners' capital                                                
Mortgage and other notes payable   $ 832,819     $ 12,801     $ 845,620     $ 832,779     $ 10,195     $ 842,974  
Other liabilities     270,534       8,358       278,892       271,290       6,328       277,618  
Company's capital     89,106       8,350       97,456       100,555       8,260       108,815  
Outside partner's capital     89,106       33,398       122,504       100,555       33,042       133,597  
Total liabilities and partners' capital   $ 1,281,565     $ 62,907     $ 1,344,472     $ 1,305,179     $ 57,825     $ 1,363,004  
                                                 
Investments in unconsolidated joint ventures                                                
Company's capital   $ 89,106     $ 8,350     $ 97,456     $ 100,555     $ 8,260     $ 108,815  
Basis adjustments     (40,601 )     289       (40,312 )     (41,407 )     247       (41,160 )
Investment in unconsolidated joint ventures   $ 48,505     $ 8,639     $ 57,144     $ 59,148     $ 8,507     $ 67,655  
                                                 
                                                 
    For the Three Months Ended September 30,
    2020   2019
    VAA   Other   Total   VAA   Other   Total
Revenue                        
   Rents   $ 29,998     $ —       $ 29,998     $ 27,347     $ —       $ 27,347  
   Other     1,593       13,552       15,145       2,310       13,607       15,917  
   Interest     1       —         1       56       —         56  
      Total revenue     31,592       13,552       45,144       29,713       13,607       43,320  
Expenses                                                
   Operating     16,172       12,561       28,733       14,138       12,431       26,569  
   Depreciation and amortization     7,832       357       8,189       16,036       390       16,426  
   Interest     13,839       150       13,989       15,424       179       15,603  
Other expenses (income)     (556 )     —         (556 )     699       —         699  
      Total expenses     37,287       13,068       50,355       46,297       13,000       59,297  
Net (loss) income   $ (5,695 )   $ 484     $ (5,211 )   $ (16,584 )   $ 607     $ (15,977 )
Company's equity in net (loss) income   $ 336     $ 1     $ 337     $ (189 )   $ 114     $ (75 )
                                                 
                                                 
    For the Nine Months Ended September 30,
    2020   2019
    VAA   Other   Total   VAA   Other   Total
Revenue                        
   Rents   $ 86,841     $ —       $ 86,841     $ 79,435     $ —       $ 79,435  
   Other     4,034       39,946       43,980       6,550       40,001       46,551  
   Interest     38       —         38       139       —         139  
      Total revenue     90,913       39,946       130,859       86,124       40,001       126,125  
Expenses                                                
   Operating     47,463       36,847       84,310       42,345       36,716       79,061  
   Depreciation and amortization     23,253       1,059       24,312       46,792       1,092       47,884  
   Interest     43,107       439       43,546       45,294       468       45,762  
Other expenses (income)     (1,453 )     —         (1,453 )     2,058       —         2,058  
      Total expenses     112,370       38,345       150,715       136,489       38,276       174,765  
Net (loss) income   $ (21,457 )   $ 1,601     $ (19,856 )   $ (50,365 )   $ 1,725     $ (48,640 )
Company's equity in net (loss) income   $ (775 )   $ 134     $ (642 )   $ (1,480 )   $ 346     $ (1,135 )