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Investments in Unconsolidated Joint Ventures (Tables)
6 Months Ended
Jun. 30, 2020
Investments in Unconsolidated Joint Ventures  
Summary of Financial Information for Joint Ventures

As of June 30, 2020 and December 31, 2019, our investments in unconsolidated joint ventures accounted for under the equity method of accounting presented in our condensed consolidated balance sheets consist of the following (in thousands):

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Year Joint

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# of

    

Metropolitan

    

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Balance as of

    

Balance as of

Joint Venture

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Venture Formed

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Data Centers

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Area

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% Ownership

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June 30, 2020

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December 31, 2019

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Ascenty (1)

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2019

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22

 

Brazil / Chile / Mexico

 

51

% (2) 

$

495,287

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$

774,853

Mapletree

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2019

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3

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Northern Virginia

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20

%  

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191,633

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208,354

Mitsubishi

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2017

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4

 

Osaka / Tokyo

 

50

%  

 

240,245

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200,652

CenturyLink

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2012

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1

 

Hong Kong

 

50

%  

 

90,958

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88,647

Other

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Various

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13

 

U.S.

 

  

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15,112

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14,603

Total

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43

 

  

 

  

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$

1,033,235

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$

1,287,109

(1)Our maximum exposure to loss related to this unconsolidated variable interest entity (VIE) is limited to our equity investment in this VIE.
(2)Includes an approximate 2% ownership interest held by a non-controlling interest in our entity that holds the investment in the Ascenty joint venture, which has a carrying value as of June 30, 2020 and December 31, 2019 of approximately $19.7 million and $23.9 million, respectively, and is classified within redeemable noncontrolling interests in our condensed consolidated balance sheet.

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