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Contingencies (Tables)
9 Months Ended
Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]  
Schedule of guarantees
The following table represents the Operating Partnership's guarantees of unconsolidated affiliates' debt as reflected in the accompanying condensed consolidated balance sheets as of September 30, 2017 and December 31, 2016:
 
 
As of September 30, 2017
 
Obligation recorded to
reflect guaranty
Unconsolidated
Affiliate
 
Company's
Ownership
Interest
 
Outstanding
Balance
 
Percentage
Guaranteed
by the
Operating
Partnership
 
Maximum
Guaranteed
Amount
 
Debt
Maturity
Date
(1)
 
9/30/2017
 
12/31/2016
West Melbourne I, LLC - Phase I (2)
 
50%
 
$
42,397

 
20%
 
$
8,479

 
Feb-2018
(3) 
 
$
86

 
$
86

West Melbourne I, LLC - Phase II (2)
 
50%
 
16,377

 
20%
 
3,275

 
Feb-2018
(3) 
 
33

 
33

Port Orange I, LLC
 
50%
 
57,298

 
20%
 
11,460

 
Feb-2018
(3) 
 
116

 
116

Ambassador Infrastructure, LLC
 
65%
 
11,035

 
100%
 
11,035

 
Aug-2020
(4) 
 
177

 
177

 
 
 
 
 
 
Total guaranty liability
 
 
$
412

 
$
412

(1)
Excludes any extension options.
(2)
The loan is secured by Hammock Landing - Phase I and Hammock Landing - Phase II, respectively.
(3)
The loan has a one-year extension option, which is at the unconsolidated affiliate's election, for an outside maturity date of February 2019.
(4)
The loan was modified and extended in August 2017. See Note 5 for further information.