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Investment in Unconsolidated Joint Ventures (Tables) | 9 Months Ended
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Sep. 30, 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:
|  | September 30, 2021 |  | December 31, 2020
Assets (1) |  |  |  |
Real estate |  | $ | 1,227,945 |  |  | $ | 1,230,197 |
Other assets |  | 114,626 |  |  | 113,537 |
Total assets |  | $ | 1,342,571 |  |  | $ | 1,343,734 |
Liabilities and Partners' Capital (1) |  |  |  |
Mortgage notes payable |  | $ | 870,000 |  |  | $ | 843,522 |
Mezzanine notes payable |  | 242,942 |  |  | 239,878 |
Other liabilities |  | 37,992 |  |  | 45,619 |
Our share of partners' capital |  | 81,676 |  |  | 93,334 |
Outside partner's capital |  | 109,961 |  |  | 121,381 |
Total liabilities and partners' capital |  | $ | 1,342,571 |  |  | $ | 1,343,734 |
Investment in unconsolidated joint ventures |  |  |  |
Our share of partners' capital |  | $ | 81,676 |  |  | $ | 93,334 |
Our share of Mezzanine note payable |  | 121,471 |  |  | 119,939 |
Basis adjustment (2) |  | (144,709) |  |  | (152,848) |
Total investment in unconsolidated joint ventures |  | $ | 58,438 |  |  | $ | 60,425 |
(1) These amounts include the assets of VAA of $1,277,069 and $1,279,197 at September 30, 2021 and December 31, 2020, respectively, and liabilities of VAA of $1,128,268 and $1,106,231 at September 30, 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 income (loss) from our investments in unconsolidated joint ventures:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Revenue (1) |  |  |  |  |  |  |
Rental revenue | $ | 33,563 |  |  | $ | 29,999 |  |  | $ | 96,670 |  |  | $ | 86,841 |
Other revenue | 17,080 |  |  | 15,182 |  |  | 50,131 |  |  | 44,018 |
Total revenue | 50,643 |  |  | 45,181 |  |  | 146,801 |  |  | 130,859 |
Expenses (2) |  |  |  |  |  |  |
Operating expenses | 32,052 |  |  | 29,629 |  |  | 91,305 |  |  | 84,310 |
Depreciation and amortization | 8,194 |  |  | 8,190 |  |  | 24,393 |  |  | 24,312 |
Other income | — |  |  | — |  |  | (2,356) |  |  | — |
Interest | 13,906 |  |  | 12,574 |  |  | 41,971 |  |  | 42,093 |
Total expenses | 54,152 |  |  | 50,393 |  |  | 155,313 |  |  | 150,715 |
Net loss | $ | (3,509) |  |  | $ | (5,212) |  |  | $ | (8,512) |  |  | $ | (19,856) |
Our equity in the income (loss) in unconsolidated joint ventures | $ | 3,543 |  |  | $ | 337 |  |  | $ | 11,451 |  |  | $ | (642) |
(1) These amounts include revenue of VAA of $35,572 and $31,591 during the three months ended September 30, 2021 and 2020, respectively, and $102,403 and $90,875 during the nine months ended September 30, 2021 and 2020, respectively. (2) These amounts include expenses of VAA of $39,880 and $37,287 during the three months ended September 30, 2021 and 2020, respectively, and $113,885 and $112,333 during the nine months ended September 30, 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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