Annual report pursuant to Section 13 and 15(d)

Real Estate Joint Ventures (Tables)

v3.19.3.a.u2
Real Estate Joint Ventures (Tables)
12 Months Ended
Dec. 31, 2019
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, 2019 (dollars in thousands):
 
 
 
 
Nominal Ownership %
 
 
 
December 31, 2019 (1)
 
 
Date Acquired
 
 
 
 
Total Assets
 
Encumbered Assets
 
Total Liabilities
Entity
 
 
 
Location
 
 
 
LW Redstone Company, LLC
 
3/23/2010
 
85%
 
Huntsville, Alabama
 
$
249,875

 
$
73,911

 
$
73,083

M Square Associates, LLC
 
6/26/2007
 
50%
 
College Park, Maryland
 
87,915

 
63,895

 
56,028

Stevens Investors, LLC
 
8/11/2015
 
95%
 
Washington, DC
 
126,603

 
126,112

 
56,268

 
 
 
 
 
 
 
 
$
464,393

 
$
263,918

 
$
185,379

(1) Excludes amounts eliminated in consolidation.

Schedule of information related to investments in unconsolidated real estate joint ventures
The table below sets forth information pertaining to our investments in unconsolidated real estate joint ventures accounted for using the equity method of accounting (dollars in thousands):
 
 
Date Acquired
 
Nominal Ownership %
 
Number of Properties
 
Carrying Value of Investment (1)
Entity
 
 
 
 
December 31, 2019
 
December 31, 2018
GI-COPT DC Partnership LLC
 
7/21/2016
 
50%
 
6

 
$
37,816

 
$
39,845

BREIT COPT DC JV LLC
 
6/20/2019
 
10%
 
9

 
14,133

 

 
 
 
 
 
 
15

 
$
51,949

 
$
39,845

(1) Included in the line entitled “investment in unconsolidated real estate joint ventures” on our consolidated balance sheets.