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Variable Interest Entities
9 Months Ended
Sep. 30, 2016
Variable Interest Entities [Abstract]  
Variable Interest Entities
Variable Interest Entities
The Other Real Estate Partnerships are variable interest entities ("VIEs") of the Operating Partnership and the Operating Partnership is the primary beneficiary, thus causing the Other Real Estate Partnerships to be consolidated by the Operating Partnership. In addition, the Operating Partnership is a VIE of the Company and the Company is the primary beneficiary.
The following table summarizes the assets and liabilities of the Other Real Estate Partnerships included in our consolidated balance sheets:
 
September 30, 2016
 
December 31, 2015
ASSETS
 
 
 
Assets:
 
 
 
Net Investment in Real Estate
$
291,198

 
$
306,866

Other Assets, Net
22,406

 
20,104

Total Assets
$
313,604

 
$
326,970

LIABILITIES AND PARTNERS’ CAPITAL
 
 
 
Liabilities:
 
 
 
Mortgage Loans Payable, Net
$
70,734

 
$
77,071

Other Liabilities, Net
32,221

 
43,103

Partners’ Capital
210,649

 
206,796

Total Liabilities and Partners’ Capital
$
313,604

 
$
326,970