UNCONSOLIDATED ENTITIES (UNITED DOMINION REALTY, L.P.) Unconsolidated Entities (UNITED DOMINION REALTY, L.P.) (Tables)

3 Months Ended

Mar. 31, 2020

Unconsolidated entities

Combined summary of balance sheets relating to unconsolidated joint ventures and partnerships

Combined summary balance sheets relating to the unconsolidated joint ventures’ and partnerships’ (not just our proportionate share) are presented below as of March 31, 2020 and December 31, 2019 (dollars in thousands):

	March 31,		December 31,
	2020		2019
Total real estate, net	$	1,868,502	$	1,901,081
Cash and cash equivalents		32,486		29,823
Other assets		180,893		172,941
Total assets	$	2,081,881	$	2,103,845
Third party debt, net	$	1,136,306	$	1,148,048
Accounts payable and accrued liabilities		50,262		55,114
Total liabilities		1,186,568		1,203,162
Total equity	$	895,313	$	900,683

Schedule of combined financial information relating to unconsolidated joint ventures and partnerships operations (not just proportionate share)

Combined summary financial information relating to the unconsolidated joint ventures’ and partnerships’ operations (not just our proportionate share) is presented below for the three months ended March 31, 2020 and 2019 (dollars in thousands):

	Three Months Ended
	March 31,
	2020		2019
Total revenues	$	41,314	$	81,532
Property operating expenses		15,297		30,312
Real estate depreciation and amortization		16,243		29,580
Operating income/(loss)		9,774		21,640
Interest expense		(10,347)		(21,924)
Net unrealized gain/(loss) on held investments		—		1,522
Other income/(loss)		(8)		103
Net income/(loss)	$	(581)	$	1,341

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United Dominion Realty L.P.

Unconsolidated entities

Combined summary of balance sheets relating to unconsolidated joint ventures and partnerships

Combined summary balance sheets relating to all of the DownREIT Partnership (not just our proportionate share) are presented below as of March 31, 2020 and December 31, 2019 (dollars in thousands):

	March 31,		December 31,
	2020		2019
Total real estate, net	$	1,088,125	$	1,106,703
Cash and cash equivalents		20		20
Note receivable from the General Partner		220,622		222,853
Other assets		5,312		4,829
Total assets	$	1,314,079	$	1,334,405
Secured debt, net	$	426,724	$	427,592
Other liabilities		23,628		28,087
Total liabilities		450,352		455,679
Total capital	$	863,727	$	878,726

Schedule of combined financial information relating to unconsolidated joint ventures and partnerships operations (not just proportionate share)

Combined summary financial information relating to all of the DownREIT Partnership (not just our proportionate share) is presented below for the three months ended March 31, 2020 and 2019 (dollars in thousands):

	Three Months Ended
	March 31,
	2020		2019
Total revenue	$	32,678	$	31,606
Property operating expenses		(13,309)		(13,096)
Real estate depreciation and amortization		(20,986)		(20,294)
Operating income/(loss)		(1,617)		(1,784)
Interest expense		(3,618)		(3,888)
Other income/(loss)		1,889		1,988
Net income/(loss)	$	(3,346)	$	(3,684)