Annual report pursuant to Section 13 and 15(d)

Real Estate Joint Ventures (Tables)

v3.20.4
Real Estate Joint Ventures (Tables)
 12 Months Ended
Dec. 31, 2020
Equity Method Investments and Joint Ventures [Abstract]  
Real estate joint ventures
The table below sets forth information pertaining to our investments in consolidated real estate joint ventures as of December 31, 2020 (dollars in thousands):
    Nominal Ownership %  
December 31, 2020 (1)
Date Acquired Total
Assets		 Encumbered Assets Total Liabilities
Entity Location
LW Redstone Company, LLC 3/23/2010 85% Huntsville, Alabama $ 403,448  $ 92,590  $ 100,334 
Stevens Investors, LLC 8/11/2015 95% Washington, D.C. 161,735  158,286  88,028 
M Square Associates, LLC 6/26/2007 50% College Park, Maryland 100,258  62,446  55,227 
  $ 665,441  $ 313,322  $ 243,589 
(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, 2020 December 31, 2019
B RE COPT DC JV II LLC (2) 10/30/2020 10% 8  $ 15,988  $ — 
BREIT COPT DC JV LLC 6/20/2019 10% 9  13,315  14,133 
GI-COPT DC Partnership LLC 7/21/2016 50% N/A —  37,816 
  17  $ 29,303  $ 51,949 
(1)Included in the line entitled “investment in unconsolidated real estate joint ventures” on our consolidated balance sheets.
(2)As of December 31, 2020, our investment in B RE COPT was $7.4 million lower than our share of the joint venture’s equity due to a difference between our cost basis and our share of B RE COPT’s underlying equity in the net assets acquired from GI-COPT.