Investment in Unconsolidated Joint Venture

6 Months Ended

Jun. 30, 2018

Equity Method Investments and Joint Ventures [Abstract]

Investment in Unconsolidated Joint Venture

5. INVESTMENT IN UNCONSOLIDATED JOINT VENTURE

In March 2016, we entered into a joint venture (“Joint Venture”) where we may contribute up to $50 million in equity. The following table summarizes the cumulative activity related to our unconsolidated Joint Venture as of June 30, 2018 and December 31, 2017 (dollars in thousands):

	June 30, 2018			December 31, 2017
Ownership Percentage	20		%	20		%
Number of shopping centers	14			14
Cumulative equity contribution	$	17,456		$	17,456
Cumulative distributions	5,700			950