Investment in Unconsolidated Entities (Tables)

9 Months Ended

Sep. 30, 2021

Investment in Partially Owned Entities [Abstract]

Schedule of Combined Financial Information of Investment in Unconsolidated Entities

The following table presents condensed balance sheet information for IAGM:

	As of
	September 30, 2021		December 31, 2020
Assets:
Net investment properties	$	316,591	$	387,394
Other assets	66,107		72,453
Total assets	382,698		459,847
Liabilities and equity:
Mortgages debt, net	165,728		242,388
Other liabilities	13,813		19,144
Equity	203,157		198,315
Total liabilities and equity	382,698		459,847
Company's share of equity	112,596		109,928
Outside basis difference, net (a)	(7,633)		(877)
Carrying value of investments in unconsolidated entities	$	104,963	$	109,051

(a)The outside basis difference relates to the unamortized deferred gain on sale of Antoine Town Center and Prestonwood Town Center.

The following table presents condensed income statement information of IAGM:

	Three months ended September 30,				Nine months ended September 30,
	2021		2020		2021		2020
Total income	$	10,184	$	11,911	$	33,034	$	34,449
Depreciation and amortization	(3,648)		(3,837)		(11,205)		(12,495)
Property operating	(1,586)		(1,984)		(5,715)		(5,356)
Real estate taxes	(1,722)		(2,267)		(6,392)		(6,875)
Asset management fees	(292)		(271)		(859)		(827)
Interest expense, net	(1,254)		(1,744)		(4,415)		(5,712)
Other (expense) and income, net	(79)		(93)		(324)		(232)
Loss on debt extinguishment	(215)		—		(229)		(8)
Gain on sale of real estate	12,827		—		12,827		1,741
Net income	$	14,215	$	1,715	$	16,722	$	4,685
Company's share of net income	$	7,817	$	943	$	9,197	$	2,530
Outside basis adjustment for investee's sale of real estate, net	(6,771)		8		(6,756)		(939)
Equity in earnings of unconsolidated entities	$	1,046	$	951	$	2,441	$	1,591

Schedule of Contractual Obligation, Fiscal Year Maturity Schedule

The following table summarizes the scheduled maturities of IAGM's mortgages payable as of September 30, 2021, for the remainder of 2021, each of the next four years and thereafter:

Scheduled maturities by year:	As of September 30, 2021
2021	$	—
2022	—
2023	126,022
2024	—
2025	22,880
Thereafter	17,800
Total	$	166,702