XML 71 R61.htm IDEA: XBRL DOCUMENT v3.23.1
Investment in Unconsolidated Joint Ventures - Financial Position And Results of Operations From Our Investees (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Sep. 16, 2022
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Assets:                        
Real estate   $ 493,821       $ 296,363       $ 493,821 $ 296,363  
Other assets (including $4,663 and $4,535 at December 31, 2022 and 2021, respectively, from related parties)   85,524       86,644       85,524 86,644  
Total assets   1,197,479       770,569       1,197,479 770,569  
Liabilities and Equity                        
Total liabilities and equity   1,197,479       770,569       1,197,479 770,569  
Total investment in unconsolidated joint ventures   28,226       61,621       28,226 61,621  
Liabilities   385,311       433,718       385,311 433,718  
Revenues:                        
Rental revenues (including $931, $944 and $1,083 for 2022, 2021 and 2020, respectively, from related parties)                   34,080 37,808 $ 51,909
Other income                   3,464 4,231 7,117
Total revenue   13,309 $ 8,319 $ 8,129 $ 7,787 8,614 $ 10,494 $ 11,103 $ 11,828 37,544 42,039 59,026
Expenses:                        
Depreciation and amortization                   13,111 15,029 18,579
Net income                   475,317 6,445 11,267
Equity in income (loss) from unconsolidated joint ventures                   469,268 14,634 (379)
Loss on early debt extinguishment                   2,805 1,451 0
VAA Sale Portfolio | Sold                        
Expenses:                        
Gain on sale $ 738,444                      
Loss on early debt extinguishment $ 31,281                      
Unconsolidated joint venture                        
Liabilities and Equity                        
Mezzanine notes payable   0       125,306       0 125,306  
Our share of partners' capital   27,973       80,602       27,973 80,602  
Basis adjustment   253       (144,287)       253 (144,287)  
Revenues:                        
Rental revenues (including $931, $944 and $1,083 for 2022, 2021 and 2020, respectively, from related parties)                   11,362 14,632 13,402
Other income                   41,093 60,514 40,568
Total revenue                   52,455 75,146 53,970
Expenses:                        
Operating expenses                   55,831 66,503 45,870
Depreciation and amortization                   3,499 4,857 4,403
Interest                   15,839 23,744 24,231
Total expenses                   75,169 95,104 74,504
Net income                   (22,714) (19,958) (20,534)
Income (loss) from discontinued operations (2)                   708,341 7,416 (4,567)
Net income                   685,627 (12,542) (25,101)
Equity in income (loss) from unconsolidated joint ventures                   469,268 14,634 (379)
Unconsolidated joint venture | VAA                        
Assets:                        
Total assets   52,404       1,280,867       52,404 1,280,867  
Liabilities and Equity                        
Liabilities   1,988       1,137,273       1,988 1,137,273  
Revenues:                        
Total revenue                   11,963 15,336 14,024
Expenses:                        
Total expenses                   36,076 39,438 $ 36,159
Unconsolidated joint venture | Unconsolidated Joint Ventures                        
Assets:                        
Assets from discontinued operations   0       1,135,769       0 1,135,769  
Real estate   13,140       142,629       13,140 142,629  
Other assets (including $4,663 and $4,535 at December 31, 2022 and 2021, respectively, from related parties)   102,302       69,457       102,302 69,457  
Total assets   115,442       1,347,855       115,442 1,347,855  
Liabilities and Equity                        
Liabilities from discontinued operations   8,824       807,382       8,824 807,382  
Mortgage notes payable   16,267       83,955       16,267 83,955  
Mezzanine notes payable   0       242,942       0 242,942  
Other liabilities   13,412       25,970       13,412 25,970  
Our share of partners' capital   27,973       80,602       27,973 80,602  
Outside partner's capital   48,966       107,004       48,966 107,004  
Total liabilities and equity   $ 115,442       $ 1,347,855       $ 115,442 $ 1,347,855