Quarterly report pursuant to Section 13 or 15(d)

Real Estate Joint Ventures (Tables)

v3.7.0.1
Real Estate Joint Ventures (Tables)
6 Months Ended
Jun. 30, 2017
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 June 30, 2017 (dollars in thousands):
 
 
 
 
Nominal
 
 
 
 
 
 
 
 
 
 
 
 
Ownership
 
 
 
June 30, 2017 (1)
 
 
Date
 
% as of
 
 
 
Total
 
Encumbered
 
Total
 
 
Acquired
 
6/30/2017
 
Nature of Activity
 
Assets
 
Assets
 
Liabilities
LW Redstone Company, LLC
 
3/23/2010
 
85%
 
Development and operation of real estate (2)
 
$
157,624

 
$
77,269

 
$
50,225

M Square Associates, LLC
 
6/26/2007
 
50%
 
Development and operation of real estate (3)
 
67,789

 
45,756

 
46,580

Stevens Investors, LLC
 
8/11/2015
 
95%
 
Development of real estate (4)
 
62,382

 

 
22,953

 
 
 
 
 
 
 
 
$
287,795

 
$
123,025

 
$
119,758

(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. Our partner in this joint venture is entitled to receive an additional distribution from the joint venture of $6.7 million that was reported in other liabilities on our consolidated balance sheet as of June 30, 2017 and paid in July 2017.