XML 65 R54.htm IDEA: XBRL DOCUMENT v3.21.1
Joint Ventures - Unconsolidated JV - Sea Sound Apartments JV (Details)
$ in Thousands
1 Months Ended 3 Months Ended 12 Months Ended
Jan. 31, 2020
USD ($)
Mar. 31, 2021
USD ($)
item
Mar. 31, 2020
USD ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Investments          
Net income   $ 2,957 $ (1,335)    
Outstanding debt   172,309   $ 161,418  
Summarized financial information          
Investment in real estate   569,201   551,653  
Cash and cash equivalents   52,313 106,427 106,794  
Other assets   62,315   63,243  
Total assets   1,053,393   1,037,324  
Debt, net   169,730   158,915  
Other liabilities   76,930   72,035  
Equity   568,104 520,910 568,170 $ 529,670
Total liabilities and equity   1,053,393   1,037,324  
Total expenses   35,766 19,899    
Net income (loss)   $ 2,957 $ (1,335)    
Sea Sound Apartments JV          
Investments          
Value of land contributed $ 5,100        
Mitigation bank credits contributed       400  
Cash contributed       4,900  
Cash contributed by JV partner       $ 6,900  
Ownership percentage   60.00%   60.00%  
Unconsolidated joint ventures          
Investments          
Outstanding debt   $ 44,126   $ 33,088  
Sea Sound Apartments JV          
Investments          
Net income   (3)      
Outstanding debt   15,648   8,789  
Summarized financial information          
Investment in real estate   38,339   29,085  
Cash and cash equivalents   14   15  
Other assets   20      
Total assets   38,373   29,100  
Debt, net   15,286   8,378  
Other liabilities   5,807   3,439  
Equity   17,280   17,283  
Total liabilities and equity   38,373   29,100  
Total expenses   3      
Net income (loss)   (3)      
Sea Sound Apartments JV | Sea Sound Apartments JV Loan          
Investments          
Loan amount $ 40,300        
Outstanding debt   $ 15,600   $ 8,800  
Sea Sound Apartments JV | LIBOR | Sea Sound Apartments JV Loan          
Investments          
Basis spread on variable rate (as a percent) 2.15%        
Sea Sound Apartments JV | Apartment          
Investments          
Number of units to be developed | item   300