The table below sets forth information pertaining to our investments in consolidated real estate joint ventures as of March 31, 2019 (dollars in thousands):
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Nominal ownership % as of 3/31/19 |
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March 31, 2019 (1) |
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Date Acquired |
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Total Assets |
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Encumbered Assets |
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Total Liabilities |
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Nature of Activity |
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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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$ |
178,227 |
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$ |
75,542 |
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$ |
55,472 |
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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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79,257 |
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46,180 |
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44,554 |
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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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88,628 |
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88,073 |
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20,742 |
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$ |
346,112 |
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$ |
209,795 |
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$ |
120,768 |
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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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