Investment in Unconsolidated Entities (Tables)

9 Months Ended

Sep. 30, 2020

Investment in Unconsolidated Entities [Abstract]

Schedule of Components of Investment In Unconsolidated Entities

The following table summarizes the components of the Company's investments in unconsolidated joint ventures (in thousands):

	September 30, 2020		December 31, 2019
Equity basis of the joint venture investments	$	(6,585)	$	(4,236)
Cost of the joint venture investments in excess of the joint venture book value	13,641		19,407
Investment in unconsolidated joint ventures	$	7,056	$	15,171

Schedule of Components of Equity In Income (Loss) from Unconsolidated Entities

The following table summarizes the components of the Company's equity in (loss) income from unconsolidated joint ventures (in thousands):

	For the three months ended September 30,				For the nine months ended September 30,
	2020		2019		2020		2019
Operating (loss) income	$	(993)	$	310	$	(843)	$	1,404
Depreciation of cost in excess of book value	(280)		(280)		(839)		(839)
Impairment loss	(6,533)		—		(6,533)		—
Equity in (loss) income from unconsolidated joint ventures	$	(7,806)	$	30	$	(8,215)	$	565