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). |
|