Investments in Unconsolidated Joint Ventures (Tables)

9 Months Ended

Sep. 30, 2020

Investments in Unconsolidated Joint Ventures

Summary of Financial Information for Joint Ventures

As of September 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):

	Year Joint	# of	Metropolitan			Balance as of		Balance as of
Joint Venture	Venture Formed	Data Centers	Area	% Ownership		September 30, 2020		December 31, 2019
Ascenty (1)	2019	22	Brazil / Chile / Mexico	51	% (2)	$	500,580	$	787,026
Mapletree	2019	3	Northern Virginia	20	%		188,195		196,181
Mitsubishi	2017	4	Osaka / Tokyo	50	%		268,385		200,652
CenturyLink	2012	1	Hong Kong	50	%		87,581		88,647
Other	Various	13	U.S.				15,237		14,603
Total		43				$	1,059,978	$	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 September 30, 2020 and December 31, 2019 of approximately $19.8 million and $23.9 million, respectively, and is classified within redeemable noncontrolling interests in our condensed consolidated balance sheet.