Annual report pursuant to Section 13 and 15(d)

Real Estate Joint Ventures (Tables)

v3.8.0.1
Real Estate Joint Ventures (Tables)
 12 Months Ended
Dec. 31, 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 December 31, 2017 (dollars in thousands):
 
 
 
Nominal
 
 
 
 
 
 
 
 
 
 
 
Ownership
 
 
 
December 31, 2017
(1)
 
Date
 
% as of
 
 
 
Total
 
Encumbered
 
Total
 
Acquired
 
12/31/2017
 
Nature of Activity
 
Assets
 
Assets
 
Liabilities
LW Redstone Company, LLC
3/23/2010
 
85%
 
Development and operation of real estate (2)
 
$
158,891

 
$
75,569

 
$
51,180

M Square Associates, LLC
6/26/2007
 
50%
 
Development and operation of real estate (3)
 
73,116

 
45,384

 
45,745

Stevens Investors, LLC
8/11/2015
 
95%
 
Development of real estate (4)
 
71,976

 
—

 
19,905

 
 
 
 
 
 
 
$
303,983

 
$
120,953

 
$
116,830

(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.