Quarterly report pursuant to Section 13 or 15(d)

Real Estate Joint Ventures

v3.2.0.727
Real Estate Joint Ventures
 6 Months Ended
Jun. 30, 2015
Equity Method Investments and Joint Ventures [Abstract]  
Real Estate Joint Ventures
Real Estate Joint Ventures

The table below sets forth information pertaining to our investments in consolidated real estate joint ventures as of June 30, 2015 (dollars in thousands):
 
 
 
 
Nominal
 
 
 
 
 
 
 
 
 
 
 
 
Ownership
 
 
 
June 30, 2015
(1)
 
 
Date
 
% as of
 
 
 
Total
 
Encumbered
 
Total
 
 
Acquired
 
6/30/2015
 
Nature of Activity
 
Assets
 
Assets
 
Liabilities
LW Redstone Company, LLC
 
3/23/2010
 
85%
 
Operates five buildings and developing others (2)
 
$
142,787

 
$
65,200

 
$
40,278

M Square Associates, LLC
 
6/26/2007
 
50%
 
Operates two buildings and developing others (3)
 
58,839

 
48,364

 
38,249

 
 
 
 
 
 
 
 
$
201,626

 
$
113,564

 
$
78,527

(1)
Excludes amounts eliminated in consolidation.
(2)
This joint venture’s properties are in Huntsville.
(3)
This joint venture’s properties are in College Park, Maryland (in the Baltimore/Washington Corridor).