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Investment in Unconsolidated Joint Ventures (Tables)
 9 Months Ended
Sep. 30, 2021
Equity Method Investments and Joint Ventures [Abstract]  
Summary of Investments in Unconsolidated Joint Ventures
The following is a summary of our investment in VAA:
September 30, 2021December 31, 2020
Condensed balance sheet of joint venture
Assets
Real estate$1,216,196 $1,217,725 
Other assets60,873 61,472 
   Total assets$1,277,069 $1,279,197 
Liabilities and Partners' Capital
Mortgage notes payable$856,318 $830,721 
Mezzanine notes payable242,942 239,878 
Other liabilities29,008 35,632 
Our share of partners' capital73,110 84,983 
Outside partner's capital75,691 87,983 
   Total liabilities and partners' capital$1,277,069 $1,279,197 
Investment in unconsolidated joint venture
Our share of partners' capital$73,110 $84,983 
Our share of Mezzanine note payable121,471 119,939 
Basis adjustment (1)(144,698)(153,136)
  Total investment in unconsolidated joint ventures$49,883 $51,786 
(1)     We amortize the difference between the cost of our investment in unconsolidated joint ventures and the book value of our underlying equity into income on a straight-line basis consistent with the lives of the underlying assets.

The following is a summary of income (loss) from VAA:
Three Months Ended September 30,Nine Months Ended September 30,
2021202020212020
Revenue
   Rental revenue$33,563 $29,999 $96,670 $86,841 
   Other revenue2,009 1,592 5,733 4,034 
      Total revenue35,572 31,591 102,403 90,875 
Expenses
   Operating expenses18,311 15,615 51,390 46,011 
   Depreciation and amortization7,792 7,414 23,273 22,834 
   Other income— — (2,356)— 
   Interest13,777 14,258 41,578 43,488 
      Total expenses39,880 37,287 113,885 112,333 
Net loss$(4,308)$(5,696)$(11,482)$(21,458)
Our equity in the income (loss) in unconsolidated joint ventures$3,627 $365 $11,535 $(740)