Investments in Unconsolidated Real Estate Entities (Tables)

6 Months Ended

Jun. 30, 2021

Equity Method Investments and Joint Ventures [Abstract]

The following tables provide summarized balance sheets of our investments in unconsolidated real estate entities and a reconciliation to our equity investment:


	June 30, 2021
$ in thousands	Vida JV LLC		San Simeon Holdings		Total
Total assets	$	413,922	$	114,989	$	528,911
Total liabilities	(219,047)		(78,136)		(297,183)
Total equity of unconsolidated real estate entities	194,875		36,853		231,728

INREIT's share	82,822		15,520		98,342
INREIT outside basis	249		—		249
INREIT investment in unconsolidated real estate entities	$	83,071	$	15,520	$	98,591


	December 31, 2020
$ in thousands	Vida JV LLC		San Simeon Holdings		Total
Total assets	$	366,482	$	112,594	$	479,076
Total liabilities	(187,882)		(76,322)		(264,204)
Total equity of unconsolidated real estate entities	178,600		36,272		214,872

INREIT's share	75,914		13,118		89,032
INREIT outside basis	252		—		252
INREIT investment in unconsolidated real estate entities	$	76,166	$	13,118	$	89,284

The following tables provide summarized operating data of our investments in unconsolidated real estate entities along with a reconciliation to the net income (loss) from unconsolidated entities:


	Three Months Ended June 30, 2021
$ in thousands	Vida JV LLC		San Simeon Holdings		Total
Total revenue	$	9,251	$	2,123	$	11,374
Loss from unconsolidated real estate entities	(1,643)		(495)		(2,138)

INREIT's share	(697)		471		(226)
Amortization of INREIT outside basis	(2)		—		(2)
INREIT income (loss) from unconsolidated real estate entities	$	(699)	$	471	$	(228)


	Six Months Ended June 30, 2021
$ in thousands	Vida JV LLC		San Simeon Holdings		Total
Total revenue	$	17,840	$	4,379	$	22,219
Income (loss) from unconsolidated real estate entities	1,388		(719)		669

INREIT's share	590		918		1,508
Amortization of INREIT outside basis	(5)		—		(5)
INREIT income from unconsolidated real estate entities	$	585	$	918	$	1,503