Investments in Partially Owned Entities (Tables)

12 Months Ended

Dec. 31, 2020

Investments In Partially Owned Entities [Abstract]

Summary of Company's 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 December 31, 2020 and 2019 (amounts in thousands except for ownership percentage):

	December 31, 2020			December 31, 2019			Ownership Percentage
Investments in Unconsolidated Entities:
Operating Property (VIE) (1)	$	38,288		$	40,361		33.3%
Real Estate Technology (2)		14,866			12,318		Varies
Other		(372	)		(441	)	Varies
Investments in Unconsolidated Entities	$	52,782		$	52,238

(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) Represents unconsolidated investments in five separate real estate technology funds/companies.