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Joint Ventures - Summarized financial information by unconsolidated JV (Details)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2020
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Jul. 05, 2019
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Jan. 14, 2019
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Sep. 30, 2020
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Sep. 30, 2019
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Sep. 30, 2020
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Sep. 30, 2019
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Dec. 31, 2019
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Jun. 30, 2020
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Jan. 31, 2020
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Nov. 30, 2019
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Jun. 30, 2019
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Jan. 31, 2019
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Dec. 31, 2018
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Apr. 30, 2018
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Investments                              
Outstanding debt $ 145,759     $ 145,759   $ 145,759   $ 94,507              
Summarized financial information                              
Property and equipment, net 18,750     18,750   18,750   19,018              
Investment in real estate 530,673     530,673   530,673   430,776              
Cash and cash equivalents 102,351     102,351 $ 165,311 102,351 $ 165,311 185,716              
Other assets 58,471     58,471   58,471   52,069              
Total assets 1,003,913     1,003,913   1,003,913   909,233              
Debt, net 143,375     143,375   143,375   92,529              
Other liabilities 70,774     70,774   70,774   57,200              
Equity 552,420     552,420 522,550 552,420 522,550 529,670 $ 542,650     $ 542,140   $ 533,111  
Total liabilities and equity 1,003,913     1,003,913   1,003,913   $ 909,233              
Total revenue       42,041 32,856 96,695 84,426                
Other operating expenses       5,113 5,054 16,975 16,116                
Depreciation and amortization       3,303 2,629 9,394 7,162                
Total expenses       31,016 25,436 75,890 68,297                
Operating income       11,025 7,420 20,805 16,129                
Interest expense       (3,379) (3,109) (10,113) (9,075)                
Net income       7,782 $ 5,826 25,666 18,034                
Sea Sound Apartments JV, Partner                              
Investments                              
Cash contributed           6,900                  
Latitude Margaritaville Watersound JV                              
Investments                              
Value of land contributed           35,000                  
Cash contributed           4,300                  
Net present value of land contribution 16,600     16,600   $ 16,600                  
Imputed interest rate (as a percent)           5.75%                  
Amount of infrastructure improvements completed 700     700   $ 700                  
Variable interest entity, ownership percentage           50.00%   50.00%              
Average amount of land contribution returned per home           $ 10                  
Summarized financial information                              
Historical cost basis of land contributed $ 1,300     $ 1,300   1,300                  
Sea Sound Apartments JV                              
Investments                              
Value of land contributed           5,100                  
Mitigation bank credits contributed           400                  
Cash contributed           $ 4,900                  
Ownership percentage 60.00%     60.00%   60.00%                  
Summarized financial information                              
Net income       $ 0   $ 0                  
Pier Park TPS JV                              
Investments                              
Value of land contributed     $ 1,700                        
Mitigation bank credits contributed             100                
Cash contributed             $ 200                
Ownership percentage 50.00%     50.00%   50.00%   50.00%              
Busy Bee JV (SJBB, LLC)                              
Investments                              
Value of land contributed   $ 1,400                          
Investment in unconsolidated joint venture $ 1,200     $ 1,200   $ 1,200   $ 1,200              
Ownership percentage 50.00%     50.00%   50.00%   50.00%              
Unconsolidated joint ventures                              
Investments                              
Outstanding debt $ 23,828     $ 23,828   $ 23,828   $ 8,242              
Latitude Margaritaville Watersound JV                              
Investments                              
Number of homesites under development | item 248     248   248                  
Number of homesites fully permitted and anticipated to commence development | item 381     381   381                  
Period within which units fully permitted are expected to commence development 30 days                            
Number of homesites units under development or fully permitted and anticipated to commence development | item 629     629   629                  
Number of units to be developed and constructed | home 3,500     3,500   3,500                  
Amount of infrastructure improvements completed $ 700     $ 700   $ 700                  
Outstanding debt 1,542     1,542   1,542                  
Summarized financial information                              
Investment in real estate 10,328     10,328   10,328   1,116              
Cash and cash equivalents 1,225     1,225   1,225   525              
Other assets 162     162   162                  
Total assets 11,715     11,715   11,715   1,641              
Debt, net 1,542     1,542   1,542                  
Other liabilities 551     551   551   58              
Equity 9,622     9,622   9,622   1,583              
Total liabilities and equity $ 11,715     11,715   11,715   1,641              
Total expenses       260   595                  
Net income       $ (260)   $ (595)                  
Sea Sound Apartments JV                              
Investments                              
Number of units to be developed and constructed | item 300     300   300                  
Outstanding debt $ 1,260     $ 1,260   $ 1,260                  
Summarized financial information                              
Investment in real estate 20,729     20,729   20,729                  
Total assets 20,729     20,729   20,729                  
Debt, net 800     800   800                  
Other liabilities 2,646     2,646   2,646                  
Equity 17,283     17,283   17,283                  
Total liabilities and equity 20,729     20,729   20,729                  
Sea Sound Apartments JV | Sea Sound Apartments JV Loan                              
Investments                              
Loan amount                   $ 40,300          
Outstanding debt 1,300     1,300   1,300                  
Pier Park TPS JV                              
Investments                              
Number of units to be developed and constructed | item                             124
Outstanding debt 14,388     14,388   14,388   6,791              
Summarized financial information                              
Property and equipment, net 18,320     18,320   18,320   14,775              
Cash and cash equivalents 1,496     1,496   1,496   51              
Other assets 531     531   531   12              
Total assets 20,347     20,347   20,347   14,838              
Debt, net 14,087     14,087   14,087   6,480              
Other liabilities 1,876     1,876   1,876   2,193              
Equity 4,384     4,384   4,384   6,165              
Total liabilities and equity 20,347     20,347   20,347   14,838              
Total revenue       1,001   1,534                  
Cost of revenue       515   789                  
Other operating expenses       92   130                  
Depreciation and amortization       379   578                  
Total expenses       986   1,497                  
Operating income       15   37                  
Interest expense       (98)   (132)                  
Net income       (83)   (95)                  
Pier Park TPS JV | Pier Park TPS JV Loan                              
Investments                              
Loan amount                         $ 14,400    
Outstanding debt 14,400     14,400   14,400   6,800              
Busy Bee JV (SJBB, LLC)                              
Investments                              
Amount of note receivable from JV partner 200     200   200                  
Outstanding debt 6,638     6,638   6,638   1,451              
Summarized financial information                              
Property and equipment, net 8,670     8,670   8,670   3,886              
Cash and cash equivalents 202     202   202   36              
Other assets 760     760   760   28              
Total assets 9,632     9,632   9,632   3,950              
Debt, net 6,548     6,548   6,548   1,349              
Other liabilities 582     582   582   181              
Equity 2,502     2,502   2,502   2,420              
Total liabilities and equity 9,632     9,632   9,632   3,950              
Total revenue       3,360   3,360                  
Cost of revenue       2,510   2,510                  
Other operating expenses       530   580                  
Depreciation and amortization       135   135                  
Total expenses       3,175   3,225                  
Operating income       185   135                  
Interest expense       (39)   (54)                  
Net income       146   81                  
Busy Bee JV (SJBB, LLC) | Busy Bee JV Construction Loan, due November 2035                              
Investments                              
Loan amount                     $ 5,400        
Outstanding debt 5,400     5,400   5,400   1,400              
Busy Bee JV (SJBB, LLC) | Busy Bee JV Equipment Loan, due November 2027                              
Investments                              
Loan amount                     $ 1,200        
Outstanding debt $ 1,200     $ 1,200   $ 1,200   $ 100