XML 34 R23.htm IDEA: XBRL DOCUMENT v3.20.2
Equity Investments in Unconsolidated Joint Ventures (Tables)
6 Months Ended
Jun. 30, 2020
Equity Method Investments and Joint Ventures [Abstract]  
Summary of Combined Financial Information for Unconsolidated Joint Ventures, Balance Sheets
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  
Summary of Combined Financial Information for Unconsolidated Entities, Statements of Operations
 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  
Information of Fees Earned
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   140   
Construction fees—  —  —  24  
Total$228  $39  $579  $90