Investments in Unconsolidated Entities (Tables)

9 Months Ended

Sep. 30, 2021

Equity Method Investments and Joint Ventures [Abstract]

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


	September 30, 2021
$ in thousands	Vida JV LLC		San Simeon Holdings		Total
Total assets	$	411,059	$	120,894	$	531,953
Total liabilities	(221,050)		(79,764)		(300,814)
Total equity of unconsolidated entities	190,009		41,130		231,139

INREIT's share	80,754		18,493		99,247
INREIT outside basis	247		—		247
INREIT investment in unconsolidated entities	$	81,001	$	18,493	$	99,494


	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 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 entities	$	76,166	$	13,118	$	89,284

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


	Three Months Ended September 30, 2021
$ in thousands	Vida JV LLC		San Simeon Holdings		Total
Total revenue of unconsolidated entities	$	9,397	$	2,003	$	11,400
Income (loss) of unconsolidated entities	(766)		1,093		327

INREIT's share	(326)		510		184
Amortization of INREIT outside basis	(2)		—		(2)
INREIT's income (loss) from unconsolidated entities	$	(328)	$	510	$	182


	Nine Months Ended September 30, 2021
$ in thousands	Vida JV LLC		San Simeon Holdings		Total
Total revenue of unconsolidated entities	$	27,236	$	6,381	$	33,617
Income of unconsolidated entities	622		374		996

INREIT's share	264		1,428		1,692
Amortization of INREIT outside basis	(6)		—		(6)
INREIT's income from unconsolidated entities	$	258	$	1,428	$	1,686