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Investment in Unconsolidated Joint Ventures (Tables) | 3 Months Ended
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Mar. 31, 2021
Equity Method Investments and Joint Ventures [Abstract] |
Summary of Investments in Unconsolidated Joint Ventures | The following is a summary of our investment in unconsolidated joint ventures:
|  | March 31, 2021 |  | December 31, 2020
Assets (1) |  |  |  |
Real estate |  | $ | 1,242,582 |  |  | $ | 1,230,197 |
Other assets |  | 100,206 |  |  | 113,537 |
Total assets |  | $ | 1,342,788 |  |  | $ | 1,343,734 |
Liabilities and Partners Capital (1) |  |  |  |
Mortgage notes payable |  | $ | 873,579 |  |  | $ | 843,522 |
Mezzanine notes payable |  | 245,356 |  |  | 239,878 |
Other liabilities |  | 27,921 |  |  | 45,619 |
Our share of partners' capital |  | 85,842 |  |  | 93,334 |
Outside partner's capital |  | 110,090 |  |  | 121,381 |
Total liabilities and partners' capital |  | $ | 1,342,788 |  |  | $ | 1,343,734 |
Investment in unconsolidated joint ventures |  |  |  |
Our share of partners' capital |  | $ | 122,678 |  |  | $ | 93,334 |
Our share of Mezzanine note payable |  | 85,842 |  |  | 119,939 |
Basis adjustment (2) |  | (152,756) |  |  | (152,848) |
Total investment in unconsolidated joint ventures |  | $ | 55,764 |  |  | $ | 60,425 |
(1) These amounts include the assets of $1,280,899 and $1,279,197 of VAA at March 31, 2021 and December 31, 2020, respectively, and liabilities of $1,125,391 and $1,106,231 of VAA at March 31, 2021 and December 31, 2020, respectively. (2) We amortize the difference between the cost of our investments in unconsolidated joint ventures and the book value of our underlying equity into income on a straight-line basis consistent with the lives of the underlying assets. The following is a summary of our loss from investments in unconsolidated joint ventures:
|  |  | Three Months Ended March 31,
|  |  |  |  | 2021 |  | 2020
Revenue (1) |  |  |  |  |  |  |
Rental revenue |  |  |  |  | $ | 31,070 |  |  | $ | 28,194 |
Other revenue |  |  |  |  | 15,289 |  |  | 54,803 |
Total revenue |  |  |  |  | 46,359 |  |  | 82,997 |
Expenses (1) |  |  |  |  |  |  |
Operating expenses |  |  |  |  | 28,039 |  |  | 63,827 |
Depreciation and amortization |  |  |  |  | 8,062 |  |  | 9,168 |
Interest |  |  |  |  | 14,175 |  |  | 15,593 |
Total expenses |  |  |  |  | 50,276 |  |  | 88,588 |
Net loss |  |  |  |  | $ | (3,917) |  |  | $ | (5,591) |
Our share of net loss in unconsolidated joint ventures |  |  |  |  | $ | 3,336 |  |  | $ | (260) |
(1) These amounts include revenue of $32,685 and $29,559 of VAA during the three months ended March 31, 2021 and 2020, respectively, and expenses of $37,457 and $37,453 of VAA during the three months ended March 31, 2021 and 2020, respectively.

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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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