Contingencies (Tables)

6 Months Ended

Jun. 30, 2017

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, 2017 and December 31, 2016:

	As of June 30, 2017									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)		6/30/2017		12/31/2016
West Melbourne I, LLC - Phase I (2)	50%	$	42,547	20%		$	8,509	Feb-2018	(3)	$	86	$	86
West Melbourne I, LLC - Phase II (2)	50%	16,437		20%		3,287		Feb-2018	(3)	33		33
Port Orange I, LLC	50%	57,508		20%		11,502		Feb-2018	(3)	116		116
Ambassador Infrastructure, LLC	65%	11,035		100%	(4)	11,035		Dec-2017	(5)	177		177
				Total guaranty liability						$	412	$	412

(1) Excludes any extension options.

(2) The loan is secured by Hammock Landing - Phase I and Hammock Landing - Phase II, respectively.

(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 will be reduced to 50% on March 1 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.

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