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Investments in Unconsolidated Real Estate Joint Ventures (Tables)
 12 Months Ended
Dec. 31, 2020
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Equity Method Investments
The equity method of accounting is used to account for each of the individual joint ventures. We have an ownership interest in the following unconsolidated real estate joint ventures:
As of December 31, 2020
Joint VentureOutlet Center LocationOwnership %Square Feet
(in 000's)		Carrying Value of Investment (in millions)
Total Joint Venture Debt, Net
(in millions) (1)
Investments included in investments in unconsolidated joint ventures:
ColumbusColumbus, OH50.0 %355 $2.0 $70.8 
RioCan CanadaVarious50.0 %765 $92.6 $— 
$94.6 
Investments included in other liabilities:
Charlotte (2)
Charlotte, NC50.0 %399 (12.8)99.6 
National Harbor (2)
National Harbor, MD50.0 %341 (8.4)94.5 
Galveston/Houston (2)
Texas City, TX50.0 %353 (19.5)80.0 
$(40.7)
As of December 31, 2019
Joint VentureOutlet Center LocationOwnership %Square Feet
(in 000's)		Carrying Value of Investment (in millions)
Total Joint Venture Debt, Net
(in millions) (1)
Investments included in investments in unconsolidated joint ventures:
RioCan CanadaVarious50.0 %764 $94.7 $9.2 
$94.7 
Investments included in other liabilities:
Columbus (2)
Columbus, OH50.0 %355 $(3.5)$85.0 
Charlotte (2)
Charlotte, NC50.0 %399 (13.0)99.5 
National Harbor (2)
National Harbor, MD50.0 %341 (5.9)94.4 
Galveston/Houston (2)
Texas City, TX50.0 %353 (19.7)79.9 
$(42.1)
(1)Net of debt origination costs and including premiums of $1.1 million and $1.1 million as of December 31, 2020 and 2019, respectively.
(2)We separately report investments in joint ventures for which accumulated distributions have exceeded investments in and our share of net income or loss of the joint ventures within other liabilities in the consolidated balance sheets because we are committed and intend to provide further financial support to these joint ventures. The negative carrying value is due to the distributions of proceeds from mortgage loans and quarterly distributions of excess cash flow exceeding the original contributions from the partners and equity in earnings of the joint ventures.
Schedule of fees we received for various services provided to our unconsolidated joint ventures
Fees we received for various services provided to our unconsolidated joint ventures were recognized in management, leasing and other services as follows (in thousands):
Year Ended December 31,
202020192018
Fees:
Management and marketing$1,859 $2,308 $2,334 
Leasing and other fees60 126 162 
Expense reimbursements from unconsolidated joint ventures3,017 2,985 2,499 
Total Fees$4,936 $5,419 $4,995 
Schedule of impairment charges
The table below summarizes the impairment charges taken during 2020 and 2018 (in thousands):
Impairment Charge(1)
Outlet CenterTotalOur Share
2020Saint-Sauveur$6,181 $3,091 
2018Bromont and Saint-Sauveur$14,359 $7,180 
(1)The fair value was determined using an income approach considering the prevailing market income capitalization rates for similar assets.
Summary Financial Information of Unconsolidated JVs Balance Sheet
Condensed combined summary financial information of joint ventures accounted for using the equity method as of December 31, 2020 and 2019 and for the years ended December 31, 2020, 2019 and 2018 is as follows (in thousands):
Condensed Combined Balance Sheets - Unconsolidated Joint Ventures20202019
Assets
Land$86,861 $90,859 
Buildings, improvements and fixtures471,798 477,061 
Construction in progress2,976 4,779 
561,635 572,699 
Accumulated depreciation(145,810)(132,860)
Total rental property, net415,825 439,839 
Cash and cash equivalents21,471 19,750 
Deferred lease costs, net4,849 6,772 
Prepaids and other assets20,478 17,789 
Total assets$462,623 $484,150 
Liabilities and Owners' Equity
Mortgages payable, net$344,856 $368,032 
Accounts payable and other liabilities17,427 17,173 
Total liabilities362,283 385,205 
Owners' equity100,340 98,945 
Total liabilities and owners' equity$462,623 $484,150 
Summary Financial Information Of Unconsolidated JVs Statements of Operations
Condensed Combined Statements of Operations- Unconsolidated Joint Ventures:Year Ended December 31,
202020192018
Revenues$76,866 $93,508 $94,509 
Expenses:
Property operating33,053 36,812 37,121 
General and administrative395 271 266 
Impairment charges6,181 — 14,359 
Depreciation and amortization23,544 24,454 26,262 
Total expenses63,173 61,537 78,008 
Other income (expense):
Interest expense(13,091)(16,234)(14,518)
Other non-operating income2,153 507 234 
Total other income (expense)$(10,938)$(15,727)$(14,284)
Net income$2,755 $16,244 $2,217 
The Company and Operating Partnership's share of:
Net income$1,126 $7,839 $924 
Depreciation, amortization and asset impairments (real estate related)$15,115 $12,512 $20,494