Investment in and Advances to Unconsolidated Joint Ventures (Tables)
|3 Months Ended|
Mar. 31, 2021
|Equity Method Investments and Joint Ventures [Abstract]|
|Equity Method Investments||
The condensed combined balance sheets for the Company’s unconsolidated joint ventures accounted for under the equity method are as follows:
The condensed combined statements of operations for the Company’s unconsolidated joint ventures accounted for under the equity method are as follows:
(1) The equity in net (loss) income of unconsolidated joint ventures consists of the allocation of the Company's proportionate share of income or loss from the unconsolidated joint ventures of $0.3 million income and $1.4 million loss, as well as $0.4 million and $0.3 million of expense related to capitalized interest and other costs for the three months ended March 31, 2021 and 2020, respectively.
Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef