Variable Interest Entities

3 Months Ended

Mar. 31, 2018

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, 2018		December 31, 2017
ASSETS
Assets:
Net Investment in Real Estate	$	268,442	$	270,708
Other Assets, Net	24,966		23,530
Total Assets	$	293,408	$	294,238
LIABILITIES AND PARTNERS’ CAPITAL
Liabilities:
Mortgage Loans Payable, Net	$	20,833	$	61,256
Other Liabilities, Net	8,434		9,283
Partners’ Capital	264,141		223,699
Total Liabilities and Partners’ Capital	$	293,408	$	294,238