XML 56 R45.htm IDEA: XBRL DOCUMENT v3.20.2
Investments in Unconsolidated Joint Ventures - Statement of operations (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Operating Expenses        
Equity in net loss from unconsolidated joint ventures $ (176) $ (218) $ (1,302) $ (626)
Corporate Joint Venture [Member]        
Revenues        
Rental revenues 3,303 834 9,708 2,499
Total revenues 3,303 834 9,708 2,499
Operating Expenses        
Property operating expenses 925 270 2,430 715
Real estate taxes 25 12 60 34
General and administrative 3 2 8 7
Amortization 1,475 134 4,201 402
Depreciation 985 331 2,848 992
Total operating expenses 3,413 749 9,547 2,150
Operating income (110) 85 161 349
Interest expense, net (946) (478) (2,840) (1,471)
Interest expense - amortization of deferred finance costs (69) (43) (1,809) (129)
Net loss (1,125) (436) (4,488) (1,251)
Equity in net loss from unconsolidated joint ventures $ (176) $ (218) $ (1,302) $ (626)