Contingencies (Tables)

6 Months Ended

Jun. 30, 2016

Commitments and Contingencies Disclosure [Abstract]

Schedule of guarantees

The following table represents the Operating Partnership's guarantees of unconsolidated affiliates' debt as reflected in the accompanying condensed consolidated balance sheets as of June 30, 2016 and December 31, 2015:

	As of June 30, 2016									Obligation recorded to reflect guaranty
Unconsolidated Affiliate	Company's Ownership Interest	Outstanding Balance		Percentage Guaranteed by the Operating Partnership		Maximum Guaranteed Amount		Debt Maturity Date (1)		6/30/2016		12/31/2015
West Melbourne I, LLC - Phase I	50%	$	43,147	20%	(2)	$	8,629	Feb-2018	(3)	$	86	$	99
West Melbourne I, LLC - Phase II	50%	16,677		20%	(2)	3,335		Feb-2018	(3)	33		87
Port Orange I, LLC	50%	58,348		20%	(2)	11,670		Feb-2018	(3)	117		148
Fremaux Town Center JV, LLC - Phase I	65%	—		—%	(4)	—		Aug-2016		—		62
Fremaux Town Center JV, LLC - Phase II	65%	—		—%	(4)	—		Aug-2016		—		161
Ambassador Town Center JV, LLC	65%	—		—%	(4)	—		Dec-2017		—		462
Ambassador Infrastructure, LLC	65%	11,700		100%	(5)	11,700		Dec-2017	(6)	177		177
				Total guaranty liability						$	413	$	1,196

(1) Excludes any extension options.

(2) The guaranty was reduced from 25% to 20% when the loan was modified and extended in February 2016. See Note 5.

(3) The loan has a one-year extension option, which is at the unconsolidated affiliate's election, for an outside maturity date of February 2019.

(4) The guaranty was removed in June 2016 when the construction loan was retired using proceeds from a non-recourse mortgage loan. See Note 5 for additional information.

(5) The guaranty will be reduced to 50% on March 1st of such year as payment-in-lieu of taxes ("PILOT") payments received and attributed to the prior calendar year by Ambassador Infrastructure and delivered to the lender are $1,200 or more, provided no event of default exists. The guaranty will be reduced to 20% when the PILOT payments are $1,400 or more, provided no event of default exists.

(6) The loan has twoone-year extension options, which are the unconsolidated affiliate's election, for an outside maturity date of December 2019.