Investment in Unconsolidated Joint Ventures (Tables)

6 Months Ended

Jun. 30, 2023

Equity Method Investments and Joint Ventures [Abstract]

Summary of Financial Data and Principal Activities of Unconsolidated Joint Ventures

The following information summarizes financial data and principal activities of the Company's unconsolidated joint ventures. The information included in the following table entitled summary of financial position is as of June 30, 2023 and December 31, 2022 ($ in thousands).

SUMMARY OF FINANCIAL POSITION
	Total Assets				Total Debt				Total Equity (Deficit)				Company's Investment
	2023		2022		2023		2022		2023		2022		2023			2022
Operating Properties:
AMCO 120 WT Holdings, LLC	$	80,258	$	81,136	$	—	$	—	$	79,464	$	80,509	$	14,647		$	14,856
Crawford Long - CPI, LLC (1)	22,323		22,857		82,294		62,856		(62,353)		(39,691)		(30,545)		(2)	(19,173)		(2)
Under Development:
Neuhoff Holdings LLC (3)	426,429		321,338		166,330		115,940		223,786		177,734		120,036			93,647
Land:
715 Ponce Holdings LLC	8,552		8,333		—		—		8,433		8,332		4,289			4,261
Sold and Other:
HICO Victory Center LP	42		158		—		—		42		5,818		20			75
	$	537,604	$	433,822	$	248,624	$	178,796	$	249,372	$	232,702	$	108,447		$	93,666

(1) In May 2023, Crawford Long - CPI, LLC refinanced the mortgage loan for the Medical Offices at Emory Hospital property. This $83.0 million interest-only mortgage loan has a fixed interest rate of 4.80% and matures in June 2032.

(2) Negative investment basis included in deferred income on the consolidated balance sheets.

(3) Neuhoff Holdings LLC has a construction loan with a borrowing capacity up to $312.7 million that matures September 2025. The interest rate applicable to the construction loan is based on the Secured Overnight Financing Rate ("SOFR") plus 3.45% with a minimum rate of 3.60%. Prior to April 2023, the loan beared interest at the London Interbank Offered Rate ("LIBOR") plus 3.45%.

The information included in the summary of operations table is for the six months ended June 30, 2023 and 2022 ($ in thousands).

SUMMARY OF OPERATIONS
	Total Revenues				Net Income (Loss)				Company's Income from Investment
	2023		2022		2023		2022		2023		2022
Operating Properties:
AMCO 120 WT Holdings, LLC	$	5,451	$	5,160	$	1,625	$	1,397	$	323	$	271
Crawford Long - CPI, LLC	6,360		6,480		2,151		2,324		1,006		1,091
Under Development:
Neuhoff Holdings LLC	70		69		42		58		21		29
Land:
715 Ponce Holdings LLC	141		138		100		99		51		49
Sold and Other:
Carolina Square Holdings LP	—		7,860		48		722		24		304
HICO Victory Center LP	—		72		2		6,853		1		4,557
Other	—		28		—		(12)		—		103
	$	12,022	$	19,807	$	3,968	$	11,441	$	1,426	$	6,404