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Investment in Unconsolidated Joint Ventures (Tables) | 6 Months Ended
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Jun. 30, 2023
Equity Method Investments and Joint Ventures [Abstract] |
Schedule of Investments in Unconsolidated Joint Ventures | The following is a summary of our investment in unconsolidated joint ventures:
|  | June 30, 2023 |  | December 31, 2022
Assets (1) |  |  |  |
Real estate |  | $ | 13,689 |  |  | $ | 13,140 |
Cash, cash equivalents and restricted cash |  | 19,983 |  |  | 66,364 |
Other assets |  | 56,070 |  |  | 35,938 |
Total assets |  | $ | 89,742 |  |  | $ | 115,442 |
Liabilities and Partners' Capital (1) |  |  |  |
Liabilities from discontinued operations |  | $ | — |  |  | $ | 8,824 |
Mortgage notes payable |  | 13,791 |  |  | 16,267 |
Other liabilities |  | 28,296 |  |  | 13,412 |
Our share of partners' capital |  | 9,995 |  |  | 27,973 |
Outside partner's capital |  | 37,660 |  |  | 48,966 |
Total liabilities and partners' capital |  | $ | 89,742 |  |  | $ | 115,442 |
Investment in unconsolidated joint ventures |  |  |  |
Our share of partners' capital |  | $ | 9,995 |  |  | $ | 27,973 |
Basis adjustment (2) |  | 27 |  |  | 253 |
Total investment in unconsolidated joint ventures |  | $ | 10,022 |  |  | $ | 28,226 |
(1) These amounts include the assets of VAA of $1,208 and $52,404 at June 30, 2023 and December 31, 2022, respectively, and liabilities of VAA of $22 and $10,812 at June 30, 2023 and December 31, 2022, 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 from our investments in unconsolidated joint ventures:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Revenue (1) |  |  |  |  |  |  |
Rental revenue | $ | — |  |  | $ | 4,032 |  |  | $ | — |  |  | $ | 7,963 |
Other revenue | 16,628 |  |  | 15,901 |  |  | 27,264 |  |  | 25,702 |
Total revenue | 16,628 |  |  | 19,933 |  |  | 27,264 |  |  | 33,665 |
Expenses (2) |  |  |  |  |  |  |
Operating expenses | 12,821 |  |  | 25,060 |  |  | 22,222 |  |  | 36,531 |
Depreciation and amortization | 396 |  |  | 1,134 |  |  | 643 |  |  | 2,322 |
Interest | 203 |  |  | 6,253 |  |  | 47 |  |  | 12,028 |
Total expenses | 13,420 |  |  | 32,447 |  |  | 22,912 |  |  | 50,881 |
Income (loss) from continuing operations | 3,208 |  |  | (12,514) |  |  | 4,352 |  |  | (17,216) |
Income from discontinued operations (3) | 67 |  |  | 4,512 |  |  | 821 |  |  | 7,948 |
Net income (loss) | $ | 3,275 |  |  | $ | (8,002) |  |  | $ | 5,173 |  |  | $ | (9,268) |
Equity in income from unconsolidated joint ventures | $ | 293 |  |  | $ | 2,048 |  |  | $ | 2,712 |  |  | $ | 7,242 |
(1) These amounts include revenue of VAA of $4,268 and $8,341 during the three and six months ended June 30, 2022. (2) These amounts include expenses of VAA of $17,486 and $26,665 during the three and six months ended June 30, 2022, respectively. (3) These amounts represent the VAA Sale Portfolio.

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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://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3 + Details
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