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Investment in Unconsolidated Entities (Tables)
3 Months Ended
Mar. 31, 2020
Investment in Partially Owned Entities [Abstract]  
Schedule of Combined Financial Information of Investment in Unconsolidated Entities he following table presents condensed balance sheet information for IAGM and separate condensed income statement information of IAGM and the other joint venture which was disposed in late 2019.
 
As of
 
March 31, 2020
 
December 31, 2019
Assets:
 
 
 
Real estate assets, net of accumulated depreciation
$
405,633

 
$
425,585

Other assets
64,041

 
66,437

Total assets
469,674

 
492,022

Liabilities and equity:
 
 
 
Mortgages payable, net
241,980

 
256,732

Other liabilities
14,385

 
20,765

Equity
213,309

 
214,525

Total liabilities and equity
469,674

 
492,022

 
 
 
 
Company's share of equity
118,175

 
118,861

Deferred gain, net of accumulated amortization of $3
(955
)
 

Carrying value of investments in unconsolidated entities
$
117,220

 
$
118,861


 
Three months ended March 31,
IAGM
2020
 
2019
Total income
$
12,723

 
$
13,640

Depreciation and amortization
(4,342
)
 
(5,276
)
Property operating
(2,121
)
 
(1,987
)
Real estate taxes
(2,426
)
 
(2,606
)
Interest expense, net
(2,193
)
 
(2,894
)
General and administrative
(119
)
 
(119
)
Gain on sale of real estate
1,741

 

Loss on debt extinguishment
(8
)
 

Net income
3,255

 
758

Other joint venture interest
 
 
 
Net loss

 
(4,858
)
Net income (loss)
$
3,255

 
$
(4,100
)
 
 
 
 
Company's share of net income (loss)
$
1,744

 
$
(3,944
)
Outside basis adjustment for IAGM's sale of real estate
(955
)
 

Outside basis adjustment for other joint venture's sale of assets

 
4,403

Equity in earnings of unconsolidated entities
$
789

 
$
459

Contractual Obligation, Fiscal Year Maturity Schedule
The following table summarizes the scheduled maturities of IAGM's mortgages payable as of March 31, 2020, for the remainder of 2020, each of the next four years and thereafter.
Scheduled maturities by year:
As of March 31, 2020
2020
$

2021
23,150

2022

2023
180,125

2024

Thereafter
40,680

Total
$
243,955