XML 86 R71.htm IDEA: XBRL DOCUMENT v3.20.4
Joint Ventures - Unconsolidated JV - Sea Sound Apartments JV (Details)
$ in Thousands
1 Months Ended 12 Months Ended
Jan. 31, 2020
USD ($)
Dec. 31, 2020
USD ($)
item
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Investments          
Net income   $ 45,480 $ 26,661 $ 31,602  
Outstanding debt   161,418 94,507    
Summarized financial information          
Investment in real estate   551,653 430,776    
Cash and cash equivalents   106,794 185,716 195,155  
Total assets   1,037,324 909,233    
Debt, net   158,915 92,529    
Other liabilities   72,035 57,200    
Equity   568,170 529,670 $ 533,111 $ 592,584
Total liabilities and equity   1,037,324 909,233    
Sea Sound Apartments JV          
Investments          
Value of land contributed $ 5,100        
Mitigation bank credits contributed   400      
Cash contributed   4,900      
Net income   $ 0      
Ownership percentage   60.00%      
Unconsolidated joint ventures          
Investments          
Outstanding debt   $ 33,088 $ 8,242    
Sea Sound Apartments JV          
Investments          
Cash contributed by JV partner   6,900      
Outstanding debt   8,789      
Summarized financial information          
Investment in real estate   29,085      
Cash and cash equivalents   15      
Total assets   29,100      
Debt, net   8,378      
Other liabilities   3,439      
Equity   17,283      
Total liabilities and equity   29,100      
Sea Sound Apartments JV | Sea Sound Apartments JV Loan          
Investments          
Loan amount $ 40,300        
Outstanding debt   $ 8,800      
Sea Sound Apartments JV | LIBOR | Sea Sound Apartments JV Loan          
Investments          
Basis spread on variable rate 2.15%        
Sea Sound Apartments JV | Apartment          
Investments          
Number of units to be developed | item   300