XML 52 R36.htm IDEA: XBRL DOCUMENT v3.20.4
Investment In Real Estate Joint Ventures And Partnerships (Tables)
12 Months Ended
Dec. 31, 2020
Equity Method Investments and Joint Ventures [Abstract]  
Schedule Of Combined Condensed Balance Sheets and Statements of Operations Combined condensed financial information of these ventures (at 100%) is summarized as follows (in thousands):

December 31, 

2020

    

2019

Combined Condensed Balance Sheets

  

  

ASSETS

  

  

Property

$

1,093,504

$

1,378,328

Accumulated depreciation

 

(275,802)

 

(331,856)

Property, net

 

817,702

 

1,046,472

Other assets, net

 

81,285

 

108,366

Total Assets

$

898,987

$

1,154,838

LIABILITIES AND EQUITY

 

  

 

  

Debt, net (primarily mortgages payable)

$

192,674

$

264,782

Amounts payable to Weingarten Realty Investors and Affiliates

 

9,836

 

11,972

Other liabilities, net

 

15,340

 

25,498

Total Liabilities

 

217,850

 

302,252

Equity

 

681,137

 

852,586

Total Liabilities and Equity

$

898,987

$

1,154,838

Year Ended December 31, 

2020

    

2019

    

2018

Combined Condensed Statements of Operations

  

  

  

Revenues, net

$

124,409

$

135,258

$

133,975

Expenses:

 

  

 

  

 

  

Depreciation and amortization

 

35,971

 

32,126

 

32,005

Interest, net

 

9,175

 

9,664

 

11,905

Operating

 

24,775

 

25,046

 

24,112

Real estate taxes, net

 

16,733

 

18,070

 

18,839

General and administrative

 

601

 

551

 

696

Provision for income taxes

 

121

 

133

 

138

Total

 

87,376

 

85,590

 

87,695

Gain on dispositions

 

47,002

 

2,009

 

9,495

Net income

$

84,035

$

51,677

$

55,775