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Investment in Unconsolidated Joint Ventures (Tables)
 6 Months Ended
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, 2023December 31, 2022
Assets (1)
Real estate$13,689 $13,140 
Cash, cash equivalents and restricted cash19,983 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 payable13,791 16,267 
Other liabilities28,296 13,412 
Our share of partners' capital9,995 27,973 
Outside partner's capital37,660 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 $10,812 at June 30, 2023 and December 31, 2022, respectively.
(2)     We amortize the difference between the cost of our investments in unconsolidated joint ventures and the book value of our underlying equity into income on a straight-line basis consistent with the lives of the underlying assets.
The following is a summary of income from our investments in unconsolidated joint ventures:
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Revenue (1)
   Rental revenue$— $4,032 $— $7,963 
   Other revenue16,628 15,901 27,264 25,702 
      Total revenue16,628 19,933 27,264 33,665 
Expenses (2)
   Operating expenses12,821 25,060 22,222 36,531 
   Depreciation and amortization396 1,134 643 2,322 
   Interest203 6,253 47 12,028 
      Total expenses13,420 32,447 22,912 50,881 
Income (loss) from continuing operations3,208 (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.