Quarterly report pursuant to Section 13 or 15(d)

Real Estate Joint Ventures (Tables)

v3.5.0.2
Real Estate Joint Ventures (Tables)
 9 Months Ended
Sep. 30, 2016
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of information related to investments in consolidated real estate joint ventures
The table below sets forth information pertaining to our investments in consolidated real estate joint ventures as of September 30, 2016 (dollars in thousands):
 
 
 
 
Nominal
 
 
 
 
 
 
 
 
 
 
 
 
Ownership
 
 
 
September 30, 2016
(1)
 
 
Date
 
% as of
 
 
 
Total
 
Encumbered
 
Total
 
 
Acquired
 
9/30/2016
 
Nature of Activity
 
Assets
 
Assets
 
Liabilities
LW Redstone Company, LLC
 
3/23/2010
 
85%
 
Development and operation of real estate (2)
 
$
157,168

 
$
80,154

 
$
53,056

M Square Associates, LLC
 
6/26/2007
 
50%
 
Development and operation of real estate (3)
 
66,053

 
47,006

 
45,807

Stevens Investors, LLC
 
8/11/2015
 
95%
 
Development of real estate (4)
 
40,282

 
—

 
7,680

 
 
 
 
 
 
 
 
$
263,503

 
$
127,160

 
$
106,543

(1) Excludes amounts eliminated in consolidation.
(2) This joint venture’s properties are in Huntsville, Alabama.
(3) This joint venture’s properties are in College Park, Maryland.
(4) This joint venture’s property is in Washington, DC.