| Summary of Investments in Unconsolidated Joint Ventures |
The following is a summary of our investment in unconsolidated joint venture: | | | | | | | | | | | | | | | | | December 31, | | | 2022 | | 2021 | | Assets | | | | | | Assets from discontinued operations | | $ | — | | | $ | 1,135,769 | | | Real estate | | — | | | 130,954 | | | Other assets (1) | | 52,404 | | | 14,144 | | | Total assets | | $ | 52,404 | | | $ | 1,280,867 | | | Liabilities and Partners Capital | | | | | | Liabilities from discontinued operations | | $ | 8,824 | | | $ | 807,382 | | | Mortgage notes payable | | — | | | 70,540 | | | Mezzanine notes payable | | — | | | 242,942 | | | Other liabilities | | 1,988 | | | 16,409 | | | Our share of partners' capital | | 20,904 | | | 71,800 | | | Outside partner's capital | | 20,688 | | | 71,794 | | | Total liabilities and partners' capital | | $ | 52,404 | | | $ | 1,280,867 | | | Investment in unconsolidated joint venture | | | | | | Our share of partners' capital | | $ | 20,904 | | | $ | 71,800 | | | Our share of Mezzanine note payable and accrued interest | | — | | | 125,306 | | | Basis adjustment (2) | | — | | | (144,227) | | | Total investment in unconsolidated joint venture | | $ | 20,904 | | | $ | 52,879 | |
(1) Includes cash, cash equivalents and restricted cash of $50,058 and $13,828 at December 31, 2022 and 2021, respectively. (2) We amortized the difference between the cost of our investment in VAA and the book value of our underlying equity in VAA into income on a straight-line basis consistent with the lives of the underlying assets. The following is a summary of our income (loss) from investments in unconsolidated joint venture: | | | | | | | | | | | | | | | | | | | | | | | For the Years Ended December 31, | | | 2022 | | 2021 | | 2020 | | Revenue | | | | | | | | Rental revenue | | $ | 11,362 | | | $ | 14,632 | | | $ | 13,402 | | | Other revenue | | 601 | | | 704 | | | 622 | | | Total revenue | | 11,963 | | | 15,336 | | | 14,024 | | | Expenses | | | | | | | | Operating expenses | | 18,139 | | | 12,836 | | | 9,023 | | | Depreciation and amortization | | 2,525 | | | 3,364 | | | 3,344 | | | Interest | | 15,412 | | | 23,238 | | | 23,792 | | | Total expenses | | 36,076 | | | 39,438 | | | 36,159 | | | Loss from continuing operations | | (24,113) | | | (24,102) | | | (22,135) | | | Income (loss) from discontinued operations (1) | | 708,341 | | | 7,416 | | | (4,567) | | | Net income (loss) | | $ | 684,228 | | | $ | (16,686) | | | $ | (26,702) | | | Our share of net income (loss) in unconsolidated joint venture | | $ | 468,086 | | | $ | 14,531 | | | $ | (519) | |
(1) The amount for the year ended December 31, 2022, includes $738,444 gain on sale of asset and $31,281 loss on early extinguishment of debt that were incurred in connection with the sale of the VAA Sale Portfolio.
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