Real Estate Joint Ventures (Tables)

12 Months Ended

Dec. 31, 2019

Investments

Schedule of financial information of unconsolidated joint venture

	December 31,		December 31,
	2019		2018
Investment in unconsolidated joint ventures
Latitude Margaritaville Watersound JV (a)	$	791	$	—
Pier Park TPS JV		3,083		1,105
Busy Bee JV (b)		1,210		—
Total investment in unconsolidated joint ventures	$	5,084	$	1,105
Outstanding debt of unconsolidated JVs
Pier Park TPS JV	$	6,791	$	—
Busy Bee JV		1,451		—
Total outstanding debt of unconsolidated JVs (c)	$	8,242	$	—

(a) JV was formed in June 2019.

(b) JV was formed in July 2019.

(c) See Note 22. Commitments and Contingencies for additional information.

The following table presents detail of the Company’s equity in loss from unconsolidated affiliates:

	Year Ended December 31, 2019
Equity in loss from unconsolidated affiliates
Latitude Margaritaville Watersound JV	$	71
Pier Park TPS JV		6
Total equity in loss from unconsolidated affiliates	$	77

Latitude Margaritaville Watersound JV

Investments

Schedule of financial information of unconsolidated joint venture

	December 31,
	2019
BALANCE SHEETS:
Investment in real estate	$	1,116
Cash and cash equivalents		525
Total assets	$	1,641
Other liabilities	$	58
Equity		1,583
Total liabilities and equity	$	1,641

	Year Ended December 31, 2019
STATEMENT OF OPERATIONS:
Total expenses	$	142
Net loss	$	142

Pier Park TPS JV

Investments

Schedule of financial information of unconsolidated joint venture

	December 31,		December 31,
	2019		2018
BALANCE SHEETS:
Investment in real estate	$	14,775	$	285
Cash and cash equivalents		51		64
Other assets		12		—
Total assets	$	14,838	$	349
Debt, net	$	6,480	$	—
Other liabilities		2,193		3
Equity		6,165		346
Total liabilities and equity	$	14,838	$	349

	Year Ended December 31,
	2019		2018
STATEMENT OF OPERATIONS:
Total expenses	$	13	$	—
Net loss	$	13	$	—

Busy Bee JV (SJBB, LLC)

Investments

Schedule of financial information of unconsolidated joint venture

	December 31,
	2019
BALANCE SHEETS:
Investment in real estate	$	3,886
Cash and cash equivalents		36
Other assets		28
Total assets	$	3,950
Debt, net	$	1,349
Other liabilities		181
Equity		2,420
Total liabilities and equity	$	3,950