The table below sets forth information pertaining to our investments in consolidated real estate joint ventures as of September 30, 2018 (dollars in thousands):
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Nominal |
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Ownership |
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September 30, 2018 (1) |
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Date |
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% as of |
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Total |
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Encumbered |
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Total |
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Acquired |
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9/30/2018 |
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Nature of Activity |
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Assets |
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Assets |
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Liabilities |
LW Redstone Company, LLC |
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3/23/2010 |
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85% |
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Development and operation of real estate (2) |
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$ |
165,752 |
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$ |
73,405 |
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$ |
53,653 |
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M Square Associates, LLC |
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6/26/2007 |
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50% |
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Development and operation of real estate (3) |
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74,848 |
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44,009 |
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45,369 |
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Stevens Investors, LLC |
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8/11/2015 |
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95% |
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Development of real estate (4) |
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79,093 |
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78,545 |
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12,662 |
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$ |
319,693 |
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$ |
195,959 |
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$ |
111,684 |
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(1) |
Excludes amounts eliminated in consolidation. |
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(2) |
This joint venture’s properties are in Huntsville, Alabama. |
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(3) |
This joint venture’s properties are in College Park, Maryland. |
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(4) |
This joint venture’s property is in Washington, DC. |
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