Variable Interest Entities

12 Months Ended

Dec. 31, 2016

Variable Interest Entities [Abstract]

Variable Interest Entities

Variable Interest Entities

The Other Real Estate Partnerships are VIEs of the Operating Partnership and the Operating Partnership is the primary beneficiary, thus causing the Other Real Estate Partnerships to be consolidated by the Operating Partnership. In addition, the Operating Partnership is a VIE of the Company and the Company is the primary beneficiary.

The following table summarizes the assets and liabilities of the Other Real Estate Partnerships included in our consolidated balance sheets:

	December 31, 2016		December 31, 2015
ASSETS
Assets:
Net Investment in Real Estate	$	278,398	$	306,866
Other Assets, Net	24,719		20,104
Total Assets	$	303,117	$	326,970
LIABILITIES AND PARTNERS’ CAPITAL
Liabilities:
Mortgage Loans Payable, Net	$	70,366	$	77,071
Other Liabilities, Net	25,392		43,103
Partners’ Capital	207,359		206,796
Total Liabilities and Partners’ Capital	$	303,117	$	326,970