Basis of Presentation Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

The following table presents a summary of selected financial data of the consolidated VIEs included in the condensed consolidated balance sheets (in thousands):



	March 31, 2019			December 31, 2018
Real estate — Land, buildings and improvements	$	360,902		$	362,536
Operating real estate — Land, buildings and improvements	114,144			110,543
Real estate under construction	179,943			151,479
In-place lease intangible assets	85,120			86,011
Right-of-use and other intangible assets	23,698			17,223
Accumulated depreciation and amortization	(71,687		)	(68,534		)
Cash and cash equivalents	13,307			18,092
Accounts receivable and other assets, net	22,393			27,625
Total assets	727,820			704,975

Non-recourse mortgages, net, including debt attributable to Assets held for sale	$	278,570		$	284,669
Bonds payable, net	57,872			57,253
Accounts payable, accrued expenses and other liabilities	51,861			50,061
Total liabilities	388,303			391,983

Reconciliation of Cash and Cash Equivalents

The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the condensed consolidated balance sheets to the condensed consolidated statements of cash flows (in thousands):



	March 31, 2019		December 31, 2018
Cash and cash equivalents	$	140,142	$	170,914
Restricted cash ^(a)	21,657		19,924
Total cash and cash equivalents and restricted cash	$	161,799	$	190,838

__________


(a)	Restricted cash is included within Accounts receivable and other assets, net on our condensed consolidated balance sheets.

Restrictions on Cash and Cash Equivalents



	March 31, 2019		December 31, 2018
Cash and cash equivalents	$	140,142	$	170,914
Restricted cash ^(a)	21,657		19,924
Total cash and cash equivalents and restricted cash	$	161,799	$	190,838

__________


(a)	Restricted cash is included within Accounts receivable and other assets, net on our condensed consolidated balance sheets.

Schedule of Details of Accounts Receivables, Accounts Payable, and Other Assets and Liabilities

Accounts Receivable and Other Assets, net

The following table presents a summary of amounts included in Accounts receivable and other assets, net in the condensed consolidated financial statements (in thousands):



	March 31, 2019		December 31, 2018
Accounts receivable and other assets, net
Notes receivable (Note 5)	$	63,954	$	63,954
Accounts receivable, net	31,735		31,302
Goodwill (Note 6)	26,367		26,354
Restricted cash	21,657		19,924
Equity investment in real estate (Note 4)	18,316		18,764
Prepaid expenses	4,237		12,890
Other assets	25,967		24,215
	$	192,233	$	197,403

Accounts Payable, Accrued Expenses and Other Liabilities

The following table presents a summary of amounts included in Accounts payable, accrued expenses and other liabilities in the condensed consolidated financial statements (in thousands):



	March 31, 2019		December 31, 2018
Accounts payable, accrued expenses and other liabilities
Deferred income taxes	$	48,285	$	47,956
Accounts payable and accrued expenses	35,839		35,260
Deferred revenue	16,396		18,545
Lease liability (Note 4)	9,409		—
Intangible liabilities, net (Note 6)	9,310		9,757
Other liabilities	20,497		20,547
	$	139,736	$	132,065

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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