XML 99 R84.htm IDEA: XBRL DOCUMENT v3.20.2
UNCONSOLIDATED ENTITIES (UNITED DOMINION REALTY, L.P.) Unconsolidated Entities (UNITED DOMINION REALTY, L.P.) (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2020 and December 31, 2019 (dollars in thousands):

June 30, 

December 31, 

    

2020

    

2019

Total real estate, net

 

$

1,922,313

 

$

1,901,081

Cash and cash equivalents

 

30,656

 

29,823

Other assets

216,356

 

172,941

Total assets

 

$

2,169,325

 

$

2,103,845

Third party debt, net

$

1,156,834

$

1,148,048

Accounts payable and accrued liabilities

46,057

55,114

Total liabilities

 

1,202,891

 

1,203,162

Total equity

 

$

966,434

 

$

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 and six months ended June 30, 2020 and 2019 (dollars in thousands):

Three Months Ended

Six Months Ended

June 30, 

June 30, 

    

2020

    

2019

    

2020

    

2019

Total revenues

 

$

37,312

 

$

76,926

 

$

78,626

 

$

158,458

Property operating expenses

 

14,468

 

29,256

 

29,765

 

59,568

Real estate depreciation and amortization

 

16,913

 

28,054

 

33,156

 

57,634

Operating income/(loss)

 

5,931

19,616

 

15,705

41,256

Interest expense

 

(10,149)

 

(21,606)

 

(20,496)

 

(43,530)

Gain/(loss) on sale of property

18,357

18,357

Net unrealized gain/(loss) on held investments

29,312

29,312

Other income/(loss)

117

9

109

1,634

Net income/(loss)

 

$

25,211

 

$

16,376

 

$

24,630

 

$

17,717

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 June 30, 2020 and December 31, 2019 (dollars in thousands):

June 30, 

December 31, 

    

2020

    

2019

Total real estate, net

 

$

1,070,653

 

$

1,106,703

Cash and cash equivalents

 

20

 

20

Note receivable from the General Partner

 

220,937

 

222,853

Other assets

 

8,397

 

4,829

Total assets

 

$

1,300,007

 

$

1,334,405

Secured debt, net

$

425,859

$

427,592

Other liabilities

 

25,426

 

28,087

Total liabilities

 

451,285

 

455,679

Total capital

$

848,722

$

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 and six months ended June 30, 2020 and 2019 (dollars in thousands):

Three Months Ended

Six Months Ended

June 30, 

June 30, 

2020

 

2019

    

2020

    

2019

Total revenue

 

$

32,107

 

$

32,025

$

64,785

 

$

63,631

Property operating expenses

 

(12,680)

 

(12,751)

 

(25,989)

 

(25,847)

Real estate depreciation and amortization

 

(21,112)

 

(20,510)

 

(42,098)

 

(40,804)

Operating income/(loss)

 

(1,685)

 

(1,236)

 

(3,302)

 

(3,020)

Interest expense

 

(3,609)

 

(3,929)

 

(7,226)

 

(7,817)

Other income/(loss)

 

1,941

 

2,018

 

3,830

 

4,006

Net income/(loss)

 

$

(3,353)

 

$

(3,147)

$

(6,698)

 

$

(6,831)