Investments in Partially Owned Entities (Tables)

9 Months Ended

Sep. 30, 2018

Investments In Partially Owned Entities [Abstract]

Summary of Companys Investment in Unconsolidated Entities

The following table and information summarizes the Company’s investments in unconsolidated entities, which are accounted for under the equity method of accounting as the requirements for consolidation are not met, as of September 30, 2018 and December 31, 2017 (amounts in thousands except for ownership percentage):

	September 30, 2018		December 31, 2017		Ownership Percentage
Investments in Unconsolidated Entities:
Wisconsin Place Developer (VIE) (1)	$	42,964	$	44,451	33.3%
Operating Properties (Non-VIE) (2)		10,745		12,367	20.0%
Other		3,867		1,436	Varies
Investments in Unconsolidated Entities	$	57,576	$	58,254

(1) Represents an unconsolidated interest in an entity that owns the land underlying one of the consolidated joint venture properties noted above and owns and operates a related parking facility.  The joint venture, as a limited partner, does not have substantive kick-out or participating rights in the entity.  As a result, the entity qualifies as a VIE.  The joint venture does not have a controlling financial interest in the VIE and is not the VIE’s primary beneficiary.  The joint venture does not have the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance or the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE.  As a result, the entity that owns the land and owns and operates the parking facility is unconsolidated and recorded using the equity method of accounting.

(2) Includes two joint ventures under separate agreements with the same partner totaling 945 apartment units.