Investment in Joint Ventures (Tables)

6 Months Ended

Jun. 30, 2017

Equity Method Investments and Joint Ventures [Abstract]

Investments in Joint Ventures (in thousands)

							The
							Company's
				Total Assets	Net Loss		Share of Net
			Total	of the	of the		Loss of the
	Ownership		Investment	Partnership	Partnership		Partnership
As of June 30, 2017
RiverFront Holdings I, LLC	77.14	%	$8,583	$91,641	$   (2,019	)	$   (1,558	)
Brooksville Quarry, LLC	50.00	%	7,500	14,343	(38	)	(19	)
BC FRP Realty, LLC	50.00	%	5,474	11,113	—		—
Total			$  21,557	$ 117,097	$  (2,057	)	$  (1,577	)
As of December 31, 2016
RiverFront Holdings I, LLC	77.14	%	$10,151	$90,420	$   (1,446	)	$   (1,115	)
Brooksville Quarry, LLC	50.00	%	7,522	14,341	(8	)	(4	)
BC FRP Realty, LLC	50.00	%	5,228	10,784	—		—
Total			$  22,901	$ 115,545	$  (1,454	)	$  (1,119	)

Financial Information for the Investments in Joint Ventures (in thousands)

	As of June 30, 2017
	Riverfront			Brooksville		BC FRP
	Holdings I, LLC			Quarry, LLC		Realty, LLC		Total
Investments in real estate, net	$	88,993		$	14,309	$	11,069	$	114,371
Cash		2,295			26		44		2,365
Cash held in escrow		171			—		—		171
Accounts receivable		40			6		—		46
Prepaid expenses		142			2		—		144
Total Assets	$	91,641		$	14,343	$	11,113	$	117,097
Long-term Debt	$	78,587		$	—	$	—	$	78,587
Amortizable debt costs		(852	)		—		—		(852	)
Other liabilities		905			45		—		950
Capital – FRP		8,583			7,500		5,474		21,557
Capital - Third Parties		4,418			6,798		5,639		16,855
Total Liabilities and Capital	$	91,641		$	14,343	$	11,113	$	117,097

	As of December 31, 2016
	Riverfront		Brooksville		BC FRP
	Holdings I, LLC		Quarry, LLC		Realty, LLC		Total
Cash	$	1,023	$	18	$	21	$	1,062
Cash held in escrow		88		—		—		88
Investments in real estate, net		89,309		14,323		10,763		114,395
Total Assets	$	90,420	$	14,341	$	10,784	$	115,545
Other Liabilities	$	6,348	$	1	$	47	$	6,396
Long-term Debt		69,042		—		—		69,042
Capital – FRP		10,151		7,522		5,228		22,901
Capital - Third Parties		4,879		6,818		5,509		17,206
Total Liabilities and Capital	$	90,420	$	14,341	$	10,784	$	115,545

Income statements for Riverfront Holdings I, LLC (in thousands)

	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
Revenues:
Rental Revenue	$	1,742			—		$	3,053			—
Revenue – Reimbursements		18			—			33			—
Total Revenues		1,760			—			3,086			—
Cost of operations:
Depreciation and amortization		1,095			75			1,958			97
Operating expenses		621			148			1,096			216
Property taxes		240			—			459			—
Total cost of operations		1,956			223			3,513			313
Total operating profit		(196	)		(223	)		(427	)		(313	)
Interest expense		(836	)		—			(1,592	)		—
Net loss of the Partnership	$	(1,032	)		(223	)	$	(2,019	)		(313	)