Investments in and Advances to Joint Ventures (Tables)

9 Months Ended

Sep. 30, 2024

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Changes to Investments in and Advances to Joint Ventures

The changes to Investments in and Advances to Joint Ventures are as follows (in thousands):

Balance, December 31, 2023	$	39,372
Equity in net loss		(895	)
Distributions		(1,400	)
Contributions		951
Amortization of basis differentials		1,424
Carrying value of previously held equity interest		(6,146	)
Repayment of advances		(730	)
Change in fair value of derivative		(397	)
Balance, September 30, 2024	$	32,179

Schedule of Reconciliation of Consolidated Joint Venture Equity

A reconciliation of the consolidated joint venture equity is as follows (in thousands):

	September 30, 2024		December 31, 2023
Company's share of accumulated equity	$	27,801	$	35,782
Basis differentials		2,385		1,099
Deferred leasing and development fees, net of portion related to the Company's interest		—		(136	)
Amounts payable to the Company		1,993		2,627
Investments in and Advances to Joint Ventures, net	$	32,179	$	39,372