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Investment in Unconsolidated Entities (Tables)
6 Months Ended
Jun. 30, 2020
Investment in Partially Owned Entities [Abstract]  
Schedule of Combined Financial Information of Investment in Unconsolidated Entities The 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
 
June 30, 2020
 
December 31, 2019
Assets:
 
 
 
Real estate assets, net of accumulated depreciation
$
402,799

 
$
425,585

Other assets
67,342

 
66,437

Total assets
470,141

 
492,022

Liabilities and equity:
 
 
 
Mortgages payable, net
242,115

 
256,732

Other liabilities
15,458

 
20,765

Equity
212,568

 
214,525

Total liabilities and equity
470,141

 
492,022

 
 
 
 
Company's share of equity
117,771

 
118,861

Deferred gain, net of accumulated amortization of $11
(947
)
 

Carrying value of investments in unconsolidated entities
$
116,824

 
$
118,861

 
Three months ended June 30,
 
Six months ended June 30,
IAGM
2020
 
2019
 
2020
 
2019
Total income
$
9,815

 
$
13,113

 
$
22,538

 
$
26,753

Depreciation and amortization
(4,316
)
 
(5,663
)
 
(8,658
)
 
(10,939
)
Property operating
(1,702
)
 
(2,047
)
 
(3,823
)
 
(4,023
)
Real estate taxes
(2,182
)
 
(2,355
)
 
(4,608
)
 
(4,961
)
Interest expense, net
(1,775
)
 
(2,894
)
 
(3,968
)
 
(5,788
)
General and administrative
(125
)
 
(126
)
 
(244
)
 
(245
)
(Loss) gain on sale of real estate, net

 
(559
)
 
1,741

 
(559
)
Loss on debt extinguishment

 

 
(8
)
 

Provision for asset impairment

 
(1,443
)
 

 
(1,443
)
Net (loss) income
(285
)
 
(1,974
)
 
2,970

 
(1,205
)
Other joint venture interest
 
 
 
 
 
 
 
Net loss

 

 

 
(4,869
)
Total net (loss) income of unconsolidated entities
$
(285
)
 
$
(1,974
)
 
$
2,970

 
$
(6,074
)
 
 
 
 
 
 
 
 
Company's share of net (loss) income
$
(157
)
 
$
(1,079
)
 
$
1,587

 
$
(5,023
)
Outside basis adjustment for IAGM's sale of real estate
8

 

 
(947
)
 

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

 

 

 
4,403

Equity in (losses) earnings of unconsolidated entities
$
(149
)
 
$
(1,079
)
 
$
640

 
$
(620
)
Contractual Obligation, Fiscal Year Maturity Schedule
The following table summarizes the scheduled maturities of IAGM's mortgages payable as of June 30, 2020, for the remainder of 2020, each of the next four years and thereafter.
Scheduled maturities by year:
As of June 30, 2020
2020
$

2021
23,150

2022

2023
180,125

2024

Thereafter
40,680

Total
$
243,955