Investments in Unconsolidated Funds (Tables)

3 Months Ended

Mar. 31, 2020

Real Estate Investments, Net [Abstract]

Summary of Statement of Operations for Investments in Unconsolidated Funds and Cash Received from Funds

The table below presents cash distributions we received from our Funds:

	Three Months Ended March 31,
(In thousands)	2020		2019
Operating distributions received(1)	$	394	$	1,551
Capital distributions received(1)	219		2,225
Total distributions received(1)	$	613	$	3,776

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(1)

The distributions are not directly comparable to the prior period, the distributions during the three months ended March 31, 2020 reflect distributions from Partnership X, whereas the distributions during the three months ended March 31, 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)	March 31, 2020		December 31, 2019
Total assets(1)	$	135,547	$	136,479
Total liabilities(1)	$	114,056	$	113,330
Total equity(1)	$	21,491	$	23,149

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(1) The balances reflect the financial position of Partnership X.

	Three Months Ended March 31,
(In thousands)	2020		2019
Total revenues(1)	$	4,602	$	20,159
Operating income(1)	$	1,522	$	5,395
Net income(1)	$	886	$	1,332

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(1)

The results of operations are not directly comparable to the prior period, the balances for the three months ended March 31, 2020 reflect the operations of Partnership X, whereas the balances for the three months ended March 31, 2019 reflect the combined operations of the Opportunity Fund, Fund X and Partnership X.