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Investments in Non-Consolidated Entities
 12 Months Ended
Dec. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]  
Investments in Non-Consolidated Entities Investments in Non-Consolidated Entities
Below is a schedule of the Company's investments in non-consolidated entities:
Percentage Ownership atInvestment Balance as of December 31,Equity in earnings (losses) of non-consolidated entities
Years ended December 31,
InvestmentDecember 31, 202320232022202320222021
NNN MFG Cold JV L.P. (“MFG Cold JV”)(1)
20%$19,693 $26,592 $(3,300)$(2,050)$— 
NNN Office JV L.P. (“Office JV”)(2)
20%16,237 12,900 508 18,156 (140)
Etna Park 70 LLC(3)
90%10,320 12,975 (258)(137)(93)
Etna Park 70 East LLC(4)
90%2,245 2,126 (192)(174)(114)
BSH Lessee L.P.(5)
25%— 3,613 4,608 211 157 
$48,495 $58,206 $1,366 $16,006 $(190)
(1)MFG Cold JV is a joint venture formed in 2021 that owns special purpose industrial properties formerly owned by the Company.
(2)    Office JV is a joint venture formed in 2018 that owns office properties formerly owned by the Company. During 2023 and 2022, Office JV sold one and six assets, respectively, and the Company recognized its share of aggregate gains on sale of $1,010 and $24,513, respectively, within equity in earnings of non-consolidated entities within its consolidated statements of operations.
(3)    Joint venture formed in 2017 with a developer entity to acquire a parcel of land. In the second quarter of 2023, the joint venture commenced development of a 250,020 square foot industrial speculative development project for an estimated cost of $30,200. As of December 31, 2023, the Company's wholly owned subsidiary purchased the land and building improvements for approximately $15,897 and recorded it in investment in real estate under construction on its consolidated balance sheet.
(4)    Joint venture formed in 2019 with a developer entity to acquire a parcel of land.
(5)    A joint venture investment which sold its sole single-tenant, net-leased asset in January 2023 and the Company recognized its share of the gain on sale of $4,791 within equity in earnings of non-consolidated entities within its consolidated statements of operations.
The Company earns advisory fees from certain of these non-consolidated entities for services related to acquisitions, asset management and debt placement services. Advisory fees earned from these non-consolidated investments were $4,337, $5,615 and $2,968 for the years ended December 31, 2023, 2022 and 2021