Real Estate Joint Ventures (Tables)

12 Months Ended

Dec. 31, 2020

Equity Method Investments and Joint Ventures [Abstract]

Real estate joint ventures

The table below sets forth information pertaining to our investments in consolidated real estate joint ventures as of December 31, 2020 (dollars in thousands):

		Nominal Ownership %		December 31, 2020 (1)
	Date Acquired			Total Assets		Encumbered Assets		Total Liabilities
Entity			Location
LW Redstone Company, LLC	3/23/2010	85%	Huntsville, Alabama	$	403,448	$	92,590	$	100,334
Stevens Investors, LLC	8/11/2015	95%	Washington, D.C.	161,735		158,286		88,028
M Square Associates, LLC	6/26/2007	50%	College Park, Maryland	100,258		62,446		55,227
				$	665,441	$	313,322	$	243,589

(1)Excludes amounts eliminated in consolidation.

Schedule of information related to investments in unconsolidated real estate joint ventures

The table below sets forth information pertaining to our investments in unconsolidated real estate joint ventures accounted for using the equity method of accounting (dollars in thousands):

	Date Acquired	Nominal Ownership %	Number of Properties	Carrying Value of Investment (1)
Entity				December 31, 2020		December 31, 2019
B RE COPT DC JV II LLC (2)	10/30/2020	10%	8	$	15,988	$	—
BREIT COPT DC JV LLC	6/20/2019	10%	9	13,315		14,133
GI-COPT DC Partnership LLC	7/21/2016	50%	N/A	—		37,816
			17	$	29,303	$	51,949

(1)Included in the line entitled “investment in unconsolidated real estate joint ventures” on our consolidated balance sheets.

(2)As of December 31, 2020, our investment in B RE COPT was $7.4 million lower than our share of the joint venture’s equity due to a difference between our cost basis and our share of B RE COPT’s underlying equity in the net assets acquired from GI-COPT.