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Equity Investments in Unconsolidated Joint Ventures
 3 Months Ended
Mar. 31, 2020
Equity Method Investments and Joint Ventures [Abstract]  
Equity Investments in Unconsolidated Joint Ventures Equity Investments in Unconsolidated Joint Ventures
We are an investor in four joint venture agreements: 1) R2G Venture LLC, 2) Ramco/Lion Venture LP, 3) Ramco 450 Venture LLC, and 4) Ramco HHF NP LLC, whereby we own 51.5%, 30%, 20%, and 7%, respectively, of the equity in each joint venture. As of March 31, 2020, our R2G Venture LLC joint venture owned five income-producing shopping centers, and our other three joint ventures did not own any income producing properties. We and the joint venture partners have joint approval rights for major decisions, including those regarding property operations.  We cannot make significant decisions without our partner’s approval.  Accordingly, we account for our interest in the joint ventures using the equity method of accounting.

The combined condensed financial information for our unconsolidated joint ventures is summarized as follows:
Balance SheetsMarch 31, 2020December 31, 2019
 (In thousands)
ASSETS  
Investment in real estate, net$231,934  $233,531  
Other assets32,201  27,463  
Total Assets$264,135  $260,994  
LIABILITIES AND OWNERS' EQUITY  
Total liabilities$18,032  $15,943  
Owners' equity246,103  245,051  
Total Liabilities and Owners' Equity$264,135  $260,994  
RPT's equity investments in unconsolidated joint ventures$130,602  $130,321  

 Three Months Ended March 31,
Statements of Operations20202019
 (In thousands)
Total revenue$6,032  $794  
Total expenses
5,538  396  
Net income $494  $398  
RPT's share of earnings from unconsolidated joint ventures$256  $54  
Acquisitions

There was no acquisition activity in the three months ended March 31, 2020 by any of our unconsolidated joint ventures.

Dispositions

There was no disposition activity in the three months ended March 31, 2020 by any of our unconsolidated joint ventures.

Joint Venture Management and Other Fee Income

We are engaged by our joint ventures to provide asset management, property management, leasing and investing services for such ventures' respective properties.  We receive fees for our services, including a property management fee calculated as a percentage of gross revenues received, and recognize these fees as the services are rendered.  

The following table provides information for our fees earned which are reported in our condensed consolidated statements of operations and comprehensive income:
 Three Months Ended March 31,
 20202019
 (In thousands)
Management fees$233  $27  
Leasing fees118  —  
Construction fees—  24  
Total$351  $51