Variable Interest Entities

3 Months Ended

Mar. 31, 2017

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, net of intercompany amounts:

	March 31, 2017		December 31, 2016
ASSETS
Assets:
Net Investment in Real Estate	$	276,672	$	278,398
Other Assets, Net	26,312		24,401
Total Assets	$	302,984	$	302,799
LIABILITIES AND PARTNERS’ CAPITAL
Liabilities:
Mortgage Loans Payable, Net	$	62,229	$	70,366
Other Liabilities, Net	9,138		9,138
Partners’ Capital	231,617		223,295
Total Liabilities and Partners’ Capital	$	302,984	$	302,799