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Basis of Presentation Basis of Presentation (Tables)

6 Months Ended

Jun. 30, 2020

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):



	June 30, 2020			December 31, 2019
Real estate — Land, buildings and improvements	$	351,709		$	359,886
Real estate under construction	315,270			233,220
In-place lease intangible assets	100,007			101,198
Accumulated depreciation and amortization	(84,645		)	(78,598		)
Total assets	714,394			642,648

Non-recourse secured debt, net	$	302,176		$	276,124
Total liabilities	361,527			330,549

Schedule of foreign currency exchange rates

The following table reflects the end-of-period rate of the U.S. dollar in relation to foreign currencies:



	June 30, 2020		December 31, 2019		Percent Change
British Pound Sterling	$	1.2273	$	1.3204	(7.1	)%
Euro	1.1198		1.1234		(0.3	)%
Norwegian Krone	0.1026		0.1139		(9.9	)%

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):



	June 30, 2020		December 31, 2019
Cash and cash equivalents	$	70,750	$	144,148
Restricted cash ^(a)	22,478		19,250
Total cash and cash equivalents and restricted cash	$	93,228	$	163,398

__________


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

Schedule of restrictions on cash and cash equivalents



	June 30, 2020		December 31, 2019
Cash and cash equivalents	$	70,750	$	144,148
Restricted cash ^(a)	22,478		19,250
Total cash and cash equivalents and restricted cash	$	93,228	$	163,398

__________


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

- 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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