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Investment in Unconsolidated Joint Ventures (Tables) | 12 Months Ended
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Dec. 31, 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:
|  | As of December 31,
|  | 2023 |  | 2022
Assets (1) |  |  |  |
Real estate |  | $ | 13,897 |  |  | $ | 13,140 |
Cash, cash equivalents and restricted cash |  | 20,047 |  |  | 66,364 |
Other assets |  | 57,005 |  |  | 35,938 |
Total assets |  | $ | 90,949 |  |  | $ | 115,442 |
Liabilities and Partners Capital (1) |  |  |  |
Liabilities from discontinued operations |  | $ | — |  |  | $ | 8,824 |
Mortgage notes payable |  | 13,841 |  |  | 16,267 |
Other liabilities |  | 27,947 |  |  | 13,412 |
Our share of partners' capital |  | 10,207 |  |  | 27,973 |
Outside partner's capital |  | 38,954 |  |  | 48,966 |
Total liabilities and partners' capital |  | $ | 90,949 |  |  | $ | 115,442 |
Investment in unconsolidated joint ventures |  |  |  |
Our share of partners' capital |  | $ | 10,207 |  |  | $ | 27,973 |
Basis adjustment (2) |  | (147) |  |  | 253 |
Total investment in unconsolidated joint ventures |  | $ | 10,060 |  |  | $ | 28,226 |
(1) These amounts include the assets of $1,032 and $52,404 of VAA at December 31, 2023 and 2022, respectively, and liabilities of $135 and $10,812 of VAA at December 31, 2023 and 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 our income (loss) from investments in unconsolidated joint ventures:
|  | For the Years Ended December 31,
|  | 2023 |  | 2022 |  | 2021
Revenue (1) |  |  |  |  |  |
Rental revenue |  | $ | — |  |  | $ | 11,362 |  |  | $ | 14,632 |
Other revenue |  | 60,057 |  |  | 41,093 |  |  | 60,514 |
Total revenue |  | 60,057 |  |  | 52,455 |  |  | 75,146 |
Expenses (1) |  |  |  |  |  |
Operating expenses |  | 54,517 |  |  | 55,831 |  |  | 66,503 |
Depreciation and amortization |  | 1,361 |  |  | 3,499 |  |  | 4,857 |
Interest |  | 459 |  |  | 15,839 |  |  | 23,744 |
Total expenses |  | 56,337 |  |  | 75,169 |  |  | 95,104 |
Income (loss) from continuing operations |  | 3,720 |  |  | (22,714) |  |  | (19,958) |
Income from discontinued operations (2) |  | 1,837 |  |  | 708,341 |  |  | 7,416 |
Net income (loss) |  | $ | 5,557 |  |  | $ | 685,627 |  |  | $ | (12,542) |
Our share of net income in unconsolidated joint ventures |  | $ | 3,242 |  |  | $ | 469,268 |  |  | $ | 14,634 |
(1) These amounts include reve nue of $0, $11,963 and $15,336 of VAA during the years ended December 31, 2023, 2022 and 2021, respectively, and expenses of $(283), $36,076 and $39,438 of VAA during the years ended December 31, 2023, 2022 and 2021, respectively. (2) The amount for the year ended December 31, 2022, includes $738,444 gain on sale of asset and $31,281 loss on early extinguishment of debt that were incurred in connection with the sale of 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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