Investments In Unconsolidated Real Estate Joint Ventures (Tables)

12 Months Ended

Dec. 31, 2019

Business Acquisition [Line Items]

Investments In Unconsolidated Real Estate Joint Ventures

	December 31,
	2019			Ownership(1)	2018
Altis at Lakeline - Austin Investors, LLC	$	242	%	34.47	$	4,531
Altis at Grand Central Capital, LLC		2,653		11.07		2,549
Altis Promenade Capital, LLC		2,126		6.61		2,195
Altis at Bonterra - Hialeah, LLC		618		96.73		21,602
Altis Ludlam - Miami Investor, LLC		1,081		33.30		675
Altis Suncoast Manager, LLC		753		33.30		1,857
Altis Pembroke Gardens, LLC		1,277		0.41		1,284
Altis Fairways, LLC		1,880		0.42		1,876
Altis Wiregrass, LLC		1,792		2.22		1,897
Altis LH-Miami Manager, LLC		811		3.43		—
Altis Vineland Pointe Manager, LLC		4,712		50.00		—
Altis Miramar East/West		2,631		5.00		—
The Altman Companies, LLC (2)		14,745		50.00		14,893
ABBX Guaranty, LLC		3,750		50.00		2,500
Sunrise and Bayview Partners, LLC		1,562		50.00		1,439
PGA Design Center Holdings, LLC		996		40.00		691
CCB Miramar, LLC		5,999		70.00		1,575
BBX/Label Chapel Trail Development, LLC		1,126		46.75		4,515
L03/212 Partners, LLC		2,087		3.41		—
PGA Lender, LLC		2,111		45.88		—
Sky Cove, LLC		4,178		26.25		—
All other investments in real estate joint ventures		200				659
Total	$	57,330			$	64,738

(1) The Company’s ownership percentage in each real estate joint venture represents the Company’s percentage of the contributed capital in each venture. The operating agreements for many of these ventures provide for a disproportionate allocation of distributions to the extent that certain investors receive specified returns on their investments, and as a result, these percentages do not necessarily reflect the Company’s economic interest in the expected distributions from such ventures. 

(2) The investment in The Altman Companies, LLC includes $2.3 million of transaction costs that were incurred in connection with the formation of the joint venture. See additional information below in this Note 9 regarding the Company’s acquisition of its interest in the Altman Companies, LLC.

Altis at Bonterra - Hialeah, LLC [Member]

Business Acquisition [Line Items]

Condensed Statements Of Financial Condition For Equity Method Joint Ventures

	December 31,
	2019		2018
Assets
Cash	$	855		3,777
Restricted cash		559		256
Real estate		—		55,734
Other assets		—		134
Total assets	$	1,414		59,901
Liabilities and Equity
Notes payable	$	—		38,641
Other liabilities		751		571
Total liabilities		751		39,212
Total equity		663		20,689
Total liabilities and equity	$	1,414		59,901

Condensed Statements Of Operations For Equity Method Joint Ventures

	For the Years Ended December 31,
	2019		2018		2017
Total revenues	$	4,498		6,510		1,851
Gain on sale of real estate		33,843		—		—
Other expenses		(4,480)		(5,937)		(2,657)
Net earnings	$	33,861		573		(806)
Equity in net earnings of unconsolidated real estate joint venture - Altis at Bonterra - Hialeah, LLC	$	29,221		544		(766)

The Addison on Millenia Investment, LLC [Member]

Business Acquisition [Line Items]

Condensed Statements Of Financial Condition For Equity Method Joint Ventures

		December 31,
		2019	2018
Assets
Cash	$	—	68
Properties and equipment		—	—
Other assets		—	86
Total assets	$	—	154
Liabilities and Equity
Notes payable	$	—	—
Other liabilities		—	12
Total liabilities		—	12
Total equity		—	142
Total liabilities and equity	$	—	154

Condensed Statements Of Operations For Equity Method Joint Ventures

	For the Years Ended December 31,
		2019	2018	2017
Net gains on sales of real estate assets	$	—	22,203		—
Other revenue		—	3,858		1,303
Total revenues	$	—	26,061		1,303
Total expenses		—	(2,266)		(1,794)
Net earnings (losses)		—	23,795		(491)
Equity in net earnings of unconsolidated real estate joint venture - The Addison at Millenia Investment, LLC	$	—	9,283		(146)

Altis At Lakeline - Austin Investors LLC [Member]

Business Acquisition [Line Items]

Condensed Statements Of Financial Condition For Equity Method Joint Ventures

	December 31,
	2019		2018
Assets
Cash	$	628		2,403
Restricted cash		5		229
Real estate		—		42,940
Other assets		144		108
Total assets	$	777		45,680
Liabilities and Equity
Notes payable	$	—		33,467
Other liabilities		—		1,835
Total liabilities		—		35,302
Total equity		777		10,378
Total liabilities and equity	$	777		45,680

Condensed Statements Of Operations For Equity Method Joint Ventures

	For the Years Ended December 31,
	2019		2018		2017
Total revenues	$	1,458		5,842		3,528
Gain on sale of real estate		17,178		—		—
Other expenses		(1,801)		(6,746)		(6,028)
Net earnings	$	16,835		(904)		(2,500)
Equity in net earnings of unconsolidated real estate joint venture - Altis at Lakeline - Austin Investors, LLC	$	5,029		(312)		(862)