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Investments in Unconsolidated Real Estate Joint Ventures (Tables)
 12 Months Ended
Dec. 31, 2021
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, 2021
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 $0.2 $70.9 
RioCan CanadaVarious50.0 %665 82.4 — 
$82.6 
Investments included in other liabilities:
Charlotte (2)
Charlotte, NC50.0 %399 $(16.2)$99.6 
National Harbor (2)
National Harbor, MD50.0 %341 (11.2)94.5 
Galveston/Houston (2)
Texas City, TX50.0 %353 (14.0)64.4 
$(41.4)
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)
(1)Net of debt origination costs of $1.0 million and $1.1 million as of December 31, 2021 and 2020, 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,
202120202019
Fees:
Management and marketing$2,347 $1,859 $2,308 
Leasing and other fees228 60 126 
Expense reimbursements from unconsolidated joint ventures3,836 3,017 2,985 
Total Fees$6,411 $4,936 $5,419 
Schedule of impairment charges
The table below summarizes the impairment charges taken during 2020 (in thousands):
Impairment Charge (1)
Outlet CenterTotalOur Share
2020Saint-Sauveur$6,181 $3,091 
(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, 2021 and 2020 and for the years ended December 31, 2021, 2020 and 2019 is as follows (in thousands):
Condensed Combined Balance Sheets - Unconsolidated Joint Ventures20212020
Assets
Land$83,568 $86,861 
Buildings, improvements and fixtures467,918 471,798 
Construction in progress744 2,976 
552,230 561,635 
Accumulated depreciation(166,096)(145,810)
Total rental property, net386,134 415,825 
Cash and cash equivalents19,030 21,471 
Deferred lease costs, net3,517 4,849 
Prepaids and other assets13,109 20,478 
Total assets$421,790 $462,623 
Liabilities and Owners' Equity
Mortgages payable, net$329,460 $344,856 
Accounts payable and other liabilities15,231 17,427 
Total liabilities344,691 362,283 
Owners' equity77,099 100,340 
Total liabilities and owners' equity$421,790 $462,623 
Summary Financial Information Of Unconsolidated JVs Statements of Operations
Condensed Combined Statements of Operations- Unconsolidated Joint Ventures:Year Ended December 31,
202120202019
Revenues$88,120 $76,866 $93,508 
Expenses:
Property operating35,111 33,053 36,812 
General and administrative278 395 271 
Impairment charges— 6,181 — 
Depreciation and amortization22,947 23,544 24,454 
Total expenses58,336 63,173 61,537 
Other income (expense):
Interest expense(11,715)(13,091)(16,234)
Gain on sale of assets503 1,983 — 
Other non-operating income160 170 507 
Total other income (expense)$(11,052)$(10,938)$(15,727)
Net income$18,732 $2,755 $16,244 
The Company and Operating Partnership's share of:
Net income$8,904 $1,126 $7,839 
Depreciation, amortization and asset impairments (real estate related)$11,618 $15,115 $12,512