XML 58 R49.htm IDEA: XBRL DOCUMENT v3.21.2
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, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Assets          
Real estate $ 344,660   $ 344,660   $ 377,383
Other assets 88,904   88,904   80,975
Total assets 808,252   808,252   865,764
Liabilities and Equity          
Total liabilities and partners' capital 808,252   808,252   865,764
Investment in unconsolidated joint ventures 60,336   60,336   60,425
Liabilities 488,292   488,292   535,358
Revenues:          
Rental revenue 10,194 $ 11,565 20,555 $ 23,007  
Other income 909 3,176 2,376 4,864  
Total revenues 11,103 14,741 22,931 27,871  
Expenses:          
Depreciation and amortization     7,755 8,787  
Net (loss) income (33,661) (3,324) (10,446) 1,064  
Our equity in the income (loss) in unconsolidated joint ventures 4,572 (719) 7,908 (979)  
VAA          
Liabilities and Equity          
Mezzanine notes payable 84,964   84,964   119,939
Our share of partners' capital 122,678   122,678   93,334
Basis adjustment (147,306)   (147,306)   (152,848)
Investment in unconsolidated joint ventures 60,336   60,336   60,425
Revenues:          
Rental revenue 32,037 28,648 63,107 56,842  
Other income 17,762 14,057 33,051 28,836  
Total revenues 49,799 42,705 96,158 85,678  
Expenses:          
Operating expenses 31,214 27,584 59,253 54,681  
Depreciation and amortization 8,137 8,114 16,199 16,122  
Other income 0 0 (2,356) 0  
Interest 13,890 14,337 28,065 29,519  
Total expenses 53,241 50,035 101,161 100,322  
Net (loss) income (3,442) (7,330) (5,003) (14,644)  
Our equity in the income (loss) in unconsolidated joint ventures 4,572 (719) 7,908 (979)  
VAA | VAA          
Assets          
Total assets 1,284,063   1,284,063   1,279,197
Liabilities and Equity          
Liabilities 1,130,957   1,130,957   1,106,231
Revenues:          
Total revenues 34,146 29,725 66,831 59,284  
Expenses:          
Total expenses 38,904 $ 37,593 74,005 $ 75,046  
VAA | Unconsolidated Joint Ventures          
Assets          
Real estate 1,235,313   1,235,313   1,230,197
Other assets 113,474   113,474   113,537
Total assets 1,348,787   1,348,787   1,343,734
Liabilities and Equity          
Mortgage notes payable 871,503   871,503   843,522
Mezzanine notes payable 245,356   245,356   239,878
Other liabilities 36,783   36,783   45,619
Our share of partners' capital 84,964   84,964   93,334
Outside partner's capital 110,181   110,181   121,381
Total liabilities and partners' capital $ 1,348,787   $ 1,348,787   $ 1,343,734