Quarterly report pursuant to Section 13 or 15(d)

Real Estate Joint Ventures

v3.3.0.814
Real Estate Joint Ventures
 9 Months Ended
Sep. 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 material investments in consolidated real estate joint ventures as of September 30, 2015 (dollars in thousands):
 
 
 
 
Nominal
 
 
 
 
 
 
 
 
 
 
 
 
Ownership
 
 
 
September 30, 2015
(1)
 
 
Date
 
% as of
 
 
 
Total
 
Encumbered
 
Total
 
 
Acquired
 
9/30/2015
 
Nature of Activity
 
Assets
 
Assets
 
Liabilities
LW Redstone Company, LLC
 
3/23/2010
 
85%
 
Development and operation of real estate (2)
 
$
144,906

 
$
64,395

 
$
39,093

M Square Associates, LLC
 
6/26/2007
 
50%
 
Development and operation of real estate (3)
 
58,840

 
48,301

 
38,117

 
 
 
 
 
 
 
 
$
203,746

 
$
112,696

 
$
77,210

(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).