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Equity Investments in Unconsolidated Joint Ventures
 6 Months Ended
Jun. 30, 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 June 30, 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 SheetsJune 30, 2020December 31, 2019
 (In thousands)
ASSETS  
Investment in real estate, net$230,332  $233,531  
Other assets30,549  27,463  
Total Assets$260,881  $260,994  
LIABILITIES AND OWNERS' EQUITY  
Total liabilities$18,259  $15,943  
Owners' equity242,622  245,051  
Total Liabilities and Owners' Equity$260,881  $260,994  
RPT's equity investments in unconsolidated joint ventures$128,804  $130,321  

 Three Months Ended June 30,Six Months Ended June 30,
Statements of Operations2020201920202019
 (In thousands)(In thousands)
Total revenue$5,552  $688  $11,584  $1,482  
Total expenses
3,984  385  9,540  781  
Net income $1,568  $303  $2,044  $701  
RPT's share of earnings from unconsolidated joint ventures$802  $26  $1,058  $80  
Acquisitions

There was no acquisition activity in the six months ended June 30, 2020 by any of our unconsolidated joint ventures.

Dispositions

There was no disposition activity in the six months ended June 30, 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 June 30,Six Months Ended June 30,
 2020201920202019
 (In thousands)(In thousands)
Management fees$206  $37  $439  $64  
Leasing fees22  2  140  2  
Construction fees—  —  —  24  
Total$228  $39  $579  $90