Investments In And Advances To Unconsolidated Joint Ventures

6 Months Ended

Jun. 30, 2018

Equity Method Investments and Joint Ventures [Abstract]

Investments In And Advances To Unconsolidated Joint Ventures

Investments in and Advances to Unconsolidated Joint Ventures

We enter into joint ventures primarily for purposes of operating and developing industrial real estate. Our investments in these joint ventures are included in “Investments in and advances to unconsolidated joint ventures” in our Consolidated Balance Sheets.

The following table summarizes our unconsolidated joint ventures (dollars in thousands):



	As of June 30, 2018			Investments in and Advances to as of
	Ownership Percentage		Number of Buildings	June 30, 2018		December 31, 2017
Unconsolidated Joint Ventures	Ownership Percentage		Number of Buildings	June 30, 2018		December 31, 2017
Institutional Joint Ventures:
DCT/SPF Industrial Operating LLC	20.0	%	13	$	38,522	$	36,630
TRT-DCT Venture III	10.0	%	—	8		220
Total Institutional Joint Ventures			13	38,530		36,850
Other:
SCLA⁽¹⁾	50.0	%	8	34,501		35,381
Total			21	$	73,031	$	72,231


⁽¹⁾	Although we contributed 100% of the initial cash equity capital required by the venture, after return of certain preferential distributions on capital invested, profits and losses are generally split 50/50.

Guarantees

There are no lines of credit or side agreements related to, or between, our unconsolidated joint ventures and us, and there are no derivative financial instruments between our unconsolidated joint ventures and us. In addition, we do not believe we have any material exposure to financial guarantees.

DCT Industrial Trust Inc. 10-Q