XML 98 R45.htm IDEA: XBRL DOCUMENT v3.20.1
INVESTMENT IN VAA (Details) - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended 12 Months Ended
Dec. 31, 2018
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Balance Sheet                                
Net real estate assets $ 384,504 $ 387,790       $ 384,504               $ 387,790 $ 384,504  
Other assets 63,557 50,560       63,557               50,560 63,557  
Total equity (359,720) (332,603)       (359,720)               (332,603) (359,720)  
Results of Operations                                
Total revenue                           47,970 120,955 $ 125,233
Total property, operating, and maintenance expenses   (14,356) $ (12,948) $ (15,220) $ (13,182) (24,240) $ (27,734) $ (26,966) $ (25,894) $ (27,606) $ (25,725) $ (25,460) $ (26,337) (55,706) (104,834) (105,128)
Depreciation and Amortization                           (13,379) (22,761) (25,558)
Net loss                           16 1,085 $ 26
Adjustments to reconcile to income (loss) from VAA                                
Loss from VAA                           (2,774) 44  
Victory Abode Apartments, LLC [Member]                                
Balance Sheet                                
Net real estate assets 1,257,557 1,242,957       1,257,557               1,242,957 1,257,557  
Other assets 67,020 62,222       67,020               62,222 67,020  
Debt, net (791,225) (832,779)       (791,225)               (832,779) (791,225)  
Other liabilities (280,288) (271,291)       (280,288)               (271,291) (280,288)  
Total equity (253,064) $ (201,109)       $ (253,064)               (201,109) $ (253,064)  
Results of Operations                                
Total revenue 12,887                         115,377    
Total property, operating, and maintenance expenses (4,507)                         (56,967)    
Interest expense (5,818)                         (61,487)    
Depreciation and Amortization (6,987)                         (43,942)    
Total other expense (5,297)                         (3,377)    
Net loss (9,722)                         (50,396)    
Adjustments to reconcile to income (loss) from VAA                                
Interest expense on mezzanine loan 2,815                         25,014    
In-place lease intangibles amortization expense 3,983                         14,703    
Depreciation basis differences 3,012                         5,132    
Net loss $ 88                         $ (5,547)    
Percentage ownership in VAA 50.00% 50.00%       50.00%               50.00% 50.00%  
Loss from VAA $ 44                         $ (2,774)