Quarterly report pursuant to Section 13 or 15(d)

Real Estate Joint Ventures (Tables)

v3.20.1
Real Estate Joint Ventures (Tables)
3 Months Ended
Mar. 31, 2020
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 March 31, 2020 (dollars in thousands):
 
 
 
 
 
 
 
 
March 31, 2020 (1)
 
 
Date Acquired
 
Nominal Ownership %
 
 
 
Total Assets
 
Encumbered Assets
 
Total Liabilities
Entity
 
 
 
Location
 
 
 
LW Redstone Company, LLC
 
3/23/2010
 
85%
 
Huntsville, Alabama
 
$
285,673

 
$
111,839

 
$
100,415

M Square Associates, LLC
 
6/26/2007
 
50%
 
College Park, Maryland
 
91,205

 
63,318

 
56,396

Stevens Investors, LLC
 
8/11/2015
 
95%
 
Washington, DC
 
135,861

 
135,175

 
64,621

 
 
 
 
 
 
 
 
$
512,739

 
$
310,332

 
$
221,432

(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
 
 
 
 
March 31, 2020
 
December 31, 2019
GI-COPT DC Partnership LLC
 
7/21/2016
 
50%
 
6

 
$
37,275

 
$
37,816

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

 
13,945

 
14,133

 
 
 
 
 
 
15

 
$
51,220

 
$
51,949

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