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Investment in Unconsolidated Ventures (Tables)
 6 Months Ended
Jun. 30, 2020
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments The condensed balance sheets below present information regarding such properties (dollars in thousands):
June 30, 2020December 31, 2019
ASSETS
Real estate properties, net of accumulated depreciation of $124,715 and $104,001$1,091,791  $1,070,941  
Cash and cash equivalents14,700  12,804  
Deposits and escrows23,077  23,912  
Other assets5,687  4,136  
Total Assets$1,135,255  $1,111,793  
LIABILITIES AND EQUITY
Liabilities:
Mortgages payable, net of deferred costs of $5,594 and $5,839$826,074  $803,289  
Accounts payable and accrued liabilities20,081  19,731  
Total Liabilities846,155  823,020  
Commitments and contingencies
Equity:
Total unconsolidated joint venture equity289,100  288,773  
Total Liabilities and Equity$1,135,255  $1,111,793  
BRT interest in joint venture equity$180,768  $177,071  
The condensed income statement below presents information regarding the Unconsolidated Properties (dollars in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2020201920202019
Revenues:
Rental and other revenue$31,542  $28,976  $62,385  $55,803  
Total revenues31,542  28,976  62,385  55,803  
Expenses:
Real estate operating expenses14,674  14,304  29,206  27,400  
Interest expense8,766  8,919  17,523  16,825  
Depreciation10,417  10,031  20,773  19,220  
Total expenses33,857  33,254  67,502  63,445  
Total revenues less total expenses(2,315) (4,278) (5,117) (7,642) 
Gain on insurance recoveries338  517  338  517  
Net income from joint ventures$(1,977) $(3,761) $(4,779) $(7,125) 
BRT equity in loss from joint ventures$(1,387) $(2,218) $(3,202) $(4,286) 
Summary of real estate properties owned
Real estate properties consist of the following (dollars in thousands):
June 30, 2020December 31, 2019
Land$29,227  $29,227  
Building154,854  154,854  
Building improvements10,143  9,702  
  Real estate properties194,224  193,783  
Accumulated depreciation(27,464) (24,094) 
  Total real estate properties, net$166,760  $169,689  


A summary of real estate properties owned is as follows (dollars in thousands):
      

December 31, 2019
Balance		AdditionsDepreciation June 30, 2020
Balance
Multi-family$159,434  $441  $(3,315) $156,560  
Land - Daytona, FL8,021  —  —  8,021  
Shopping centers/Retail - Yonkers, NY2,234  —  (55) 2,179  
Total real estate properties$169,689  $441  $(3,370) $166,760  
Real estate properties of our unconsolidated joint ventures consist of the following (dollars in thousands):

June 30, 2020December 31, 2019
Land$148,341  $144,136  
Building1,028,205  993,643  
Building improvements39,960  37,163  
   Real estate properties1,216,506  1,174,942  
Accumulated depreciation(124,715) (104,001) 
    Total real estate properties, net$1,091,791  $1,070,941