XML 58 R49.htm IDEA: XBRL DOCUMENT v3.21.2
Investment in Unconsolidated Joint Ventures - Financial Position And Results of Operations From Our Investees (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Assets          
Real estate $ 300,015   $ 300,015   $ 377,383
Other assets 86,089   86,089   80,975
Total assets 772,663   772,663   865,764
Liabilities and Equity          
Total liabilities and partners' capital 772,663   772,663   865,764
Investment in unconsolidated joint ventures 58,438   58,438   60,425
Liabilities 427,640   427,640   535,358
Revenues:          
Rental revenue 9,628 $ 11,454 30,183 $ 34,461  
Other income 866 483 3,242 5,347  
Total revenue 10,494 11,937 33,425 39,808  
Expenses:          
Depreciation and amortization     11,699 13,023  
Net income 25,063 9,638 14,617 10,702  
Our equity in the income (loss) in unconsolidated joint ventures 3,543 337 11,451 (642)  
VAA          
Liabilities and Equity          
Mezzanine notes payable 121,471   121,471   119,939
Our share of partners' capital 81,676   81,676   93,334
Basis adjustment (144,709)   (144,709)   (152,848)
Investment in unconsolidated joint ventures 58,438   58,438   60,425
Revenues:          
Rental revenue 33,563 29,999 96,670 86,841  
Other income 17,080 15,182 50,131 44,018  
Total revenue 50,643 45,181 146,801 130,859  
Expenses:          
Operating expenses 32,052 29,629 91,305 84,310  
Depreciation and amortization 8,194 8,190 24,393 24,312  
Other income 0 0 (2,356) 0  
Interest 13,906 12,574 41,971 42,093  
Total expenses 54,152 50,393 155,313 150,715  
Net income (3,509) (5,212) (8,512) (19,856)  
Our equity in the income (loss) in unconsolidated joint ventures 3,543 337 11,451 (642)  
VAA | VAA          
Assets          
Total assets 1,277,069   1,277,069   1,279,197
Liabilities and Equity          
Liabilities 1,128,268   1,128,268   1,106,231
Revenues:          
Total revenue 35,572 31,591 102,403 90,875  
Expenses:          
Total expenses 39,880 $ 37,287 113,885 $ 112,333  
VAA | Unconsolidated Joint Ventures          
Assets          
Real estate 1,227,945   1,227,945   1,230,197
Other assets 114,626   114,626   113,537
Total assets 1,342,571   1,342,571   1,343,734
Liabilities and Equity          
Mortgage notes payable 870,000   870,000   843,522
Mezzanine notes payable 242,942   242,942   239,878
Other liabilities 37,992   37,992   45,619
Our share of partners' capital 81,676   81,676   93,334
Outside partner's capital 109,961   109,961   121,381
Total liabilities and partners' capital $ 1,342,571   $ 1,342,571   $ 1,343,734