The table below sets forth information pertaining to our investments in consolidated real estate joint ventures as of March 31, 2015 (dollars in thousands):
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Nominal |
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Ownership |
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March 31, 2015 |
(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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3/31/2015 |
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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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Operates four buildings and developing others (2) |
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$ |
149,098 |
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$ |
65,934 |
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$ |
43,314 |
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M Square Associates, LLC |
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6/26/2007 |
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50% |
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Operates two buildings and developing others (3) |
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59,671 |
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48,480 |
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38,700 |
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$ |
208,769 |
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$ |
114,414 |
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$ |
82,014 |
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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 (in the Baltimore/Washington Corridor). |
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