As of June 30, 2020, we manage and own an equity interest of 33.5% in an unconsolidated Fund, Partnership X, through which we and other investors in the Fund own two office properties totaling 0.4 million square feet. During the six months ended June 30, 2020 we purchased additional interests of 3.6% in Partnership X for $6.6 million.

On November 21, 2019, we restructured Fund X which resulted in Fund X being treated as a consolidated JV from November 21, 2019, and we closed the Opportunity Fund. See Note 6 in our 2019 Annual Report on Form 10-K for more information.

At June 30, 2019, we managed and held direct and indirect equity interests in three unconsolidated Funds, consisting of 6.2% of the Opportunity Fund, 72.7% of Fund X and 24.6% of Partnership X, through which we and investors in the Funds' owned eight office properties totaling 1.8 million square feet. We purchased an additional interest of 1.4% in Fund X during the six months ended June 30, 2019.

Our Funds pay us fees and reimburse us for certain expenses related to property management and other services we provide, which are included in Other income in our consolidated statements of operations. We also receive distributions based on invested capital and on any profits that exceed certain specified cash returns to the investors. The table below presents cash distributions we received from our Funds:


	Six Months Ended June 30,
(In thousands)	2020		2019

Operating distributions received⁽¹⁾	$	394	$	3,756
Capital distributions received⁽¹⁾	548		3,869
Total distributions received⁽¹⁾	$	942	$	7,625

(1) The distributions are not directly comparable to the prior period; the distributions during the six months ended June 30, 2020 reflect distributions only from Partnership X, whereas the distributions during the six months ended June 30, 2019 reflect distributions from the Opportunity Fund, Fund X and Partnership X.

The tables below present selected financial information for the Funds. The amounts presented reflect 100% (not our pro-rata share) of amounts related to the Funds, and are based upon historical acquired book value:


(In thousands)	June 30, 2020		December 31, 2019

Total assets⁽¹⁾	$	134,245	$	136,479
Total liabilities⁽¹⁾	$	113,592	$	113,330
Total equity⁽¹⁾	$	20,653	$	23,149


	Six Months Ended June 30,
(In thousands)	2020		2019

Total revenues⁽¹⁾	$	7,597	$	41,174
Operating income⁽¹⁾	$	1,686	$	11,961
Net income⁽¹⁾	$	372	$	3,815

(1) The results of operations are not directly comparable to the prior period; the balances for the six months ended June 30, 2020 reflect only the operations of Partnership X, whereas the balances for the six months ended June 30, 2019 reflect the combined operations of the Opportunity Fund, Fund X and Partnership X.