XML 63 R55.htm IDEA: XBRL DOCUMENT v3.23.2
Investment in Unconsolidated Joint Ventures - Financial Position And Results of Operations From Our Investees (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Dec. 31, 2021
Assets            
Real estate $ 501,262   $ 501,262   $ 493,821  
Cash and cash equivalents 69,808 $ 57,696 69,808 $ 57,696 222,328 $ 72,734
Other assets 91,695   91,695   85,524  
Total assets 1,060,742   1,060,742   1,197,479  
Liabilities and Partners' Capital            
Total liabilities and equity 1,060,742   1,060,742   1,197,479  
Investment in unconsolidated joint ventures 10,022   10,022   28,226  
Liabilities 244,052   244,052   385,311  
Revenues:            
Rental revenue 11,389 7,259 22,398 14,740    
Other income 850 870 1,529 1,176    
Total revenue 12,239 8,129 23,927 15,916    
Expenses:            
Depreciation and amortization     7,180 6,363    
Net income (loss) 303 20,030 4,522 34,597    
Equity in income from unconsolidated joint ventures 293 2,048 2,712 7,242    
VAA            
Liabilities and Partners' Capital            
Our share of partners' capital 9,995   9,995   27,973  
Basis adjustment 27   27   253  
Investment in unconsolidated joint ventures 10,022   10,022   28,226  
Revenues:            
Rental revenue 0 4,032 0 7,963    
Other income 16,628 15,901 27,264 25,702    
Total revenue 16,628 19,933 27,264 33,665    
Expenses:            
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 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    
VAA | VAA            
Assets            
Total assets 1,208   1,208   52,404  
Liabilities and Partners' Capital            
Liabilities 22   22   10,812  
Revenues:            
Total revenue   4,268   8,341    
Expenses:            
Total expenses   $ 17,486   $ 26,665    
VAA | Unconsolidated Joint Ventures            
Assets            
Real estate 13,689   13,689   13,140  
Cash and cash equivalents 19,983   19,983   66,364  
Other assets 56,070   56,070   35,938  
Total assets 89,742   89,742   115,442  
Liabilities and Partners' Capital            
Liabilities from discontinued operations 0   0   8,824  
Mortgage notes payable 13,791   13,791   16,267  
Other liabilities 28,296   28,296   13,412  
Our share of partners' capital 9,995   9,995   27,973  
Outside partner's capital 37,660   37,660   48,966  
Total liabilities and equity $ 89,742   $ 89,742   $ 115,442