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Investments in Wholly Owned Subsidiaries
 12 Months Ended
Dec. 31, 2016
Equity Method Investments And Joint Ventures [Abstract]  
Investments in Wholly Owned Subsidiaries

9. INVESTMENTS IN WHOLLY OWNED SUBSIDIARIES

The following summary sets forth the Company’s membership equity ownership including membership equity capital additions and reductions, cash dividends received by the Company, and the value of each unconsolidated wholly owned subsidiary, predecessor basis, in aggregate as recorded in the schedule of portfolio investments as of and for the year ended December 31, 2015.

 

 

 

Beginning

 

 

Membership Equity

 

 

Ending

 

 

 

 

 

 

 

 

 

 

 

Equity Interest

 

 

Gross

 

 

Gross

 

 

Equity Interest

 

 

Dividend

 

 

Value

 

 

 

Percentage

 

 

Additions

 

 

Reductions

 

 

Percentage

 

 

Income

 

 

December 31, 2015

 

SSG Bolingbrook LLC

 

 

100

%

 

$

—

 

 

$

—

 

 

 

100

%

 

$

—

 

 

$

6,100,000

 

SSG Dolton LLC

 

 

100

%

 

 

—

 

 

 

—

 

 

 

100

%

 

 

—

 

 

 

5,900,000

 

SSG Merrillville LLC

 

 

100

%

 

 

—

 

 

 

—

 

 

 

100

%

 

 

—

 

 

 

5,700,000

 

SSG Rochester LLC

 

 

100

%

 

 

—

 

 

 

—

 

 

 

100

%

 

 

—

 

 

 

5,950,000

 

SSG Sadsbury LLC

 

 

100

%

 

 

450,000

 

 

 

—

 

 

 

100

%

 

 

—

 

 

 

5,700,000

 

SSG Summerville I LLC

 

 

100

%

 

 

—

 

 

 

—

 

 

 

100

%

 

 

—

 

 

 

3,400,000

 

SSG Summerville II LLC

 

 

100

%

 

 

—

 

 

 

—

 

 

 

100

%

 

 

—

 

 

 

1,850,000

 

SSG Operations LLC

 

 

100

%

 

 

24,573

 

 

 

—

 

 

 

100

%

 

 

—

 

 

 

24,573

 

 

 

 

 

 

 

$

474,573

 

 

$

—

 

 

 

 

 

 

$

—

 

 

$

34,624,573

 

 

The following table sets forth unaudited summarized information as to assets, liabilities, and selected operating information for the unconsolidated wholly subsidiaries in aggregate as of and for the year ended December 31, 2015:

 

Dollars in thousands

 

 

 

 

OPERATING DATA

 

 

 

 

Year ended December 31, 2015

 

 

 

 

Rental revenues

 

$

4,439

 

Costs of operations

 

 

1,801

 

Income from operations

 

$

2,638

 

Depreciation and amortization

 

$

636

 

Net income

 

$

1,950

 

 

 

 

 

 

BALANCE SHEET DATA

 

 

 

 

December 31, 2015

 

 

 

 

Real estate assets, net

 

$

26,428

 

Total assets

 

$

26,965

 

Total liabilities

 

$

403