The following table summarizes the Company’s investments in unconsolidated joint ventures as of June 30, 2025 and December 31, 2024 (dollars in thousands):


	Date of Investment	Ownership Interest		Investment at
Joint Venture				June 30, 2025		December 31, 2024
Embassy Suites at Eddy Street Commons(1)	December 2017	35	%	$	9,007	$	9,514
Nuveen Portfolio Joint Venture(2)	June 2018	20	%	5,935		5,951
Glendale Multifamily Joint Venture(3)	May 2020	11.5	%	405		536
The Corner – IN Joint Venture(4)	September 2021	50	%	1,967		1,010
Legacy West Joint Venture	April 2025	52	%	248,280		—
GIC Portfolio Joint Venture	June 2025	52	%	122,733		—
Other investments				2,500		2,500
				$	390,827	$	19,511

(1)The Company formed a joint venture with an unrelated third party to develop and own an Embassy Suites hotel next to Eddy Street Commons, our operating retail property at the University of Notre Dame.

(2)The Company formed a joint venture with Nuveen Real Estate, formerly known as TH Real Estate, and sold three properties (Livingston Shopping Center, Plaza Volente and Tamiami Crossing) to the joint venture. The Company is the operating member of the joint venture and earns fees for providing property management and leasing services.

(3)The Company formed a joint venture with an unrelated third party for the planned development of a multifamily project adjacent to Glendale Town Center, our operating retail property in the Indianapolis MSA. The Company’s partner is the operating member of the joint venture.

(4)The Company formed a joint venture with an unrelated third party for the planned redevelopment of The Corner in the Indianapolis MSA into a mixed-use, multifamily, and retail project. During the three months ended March 31, 2025, we completed major development construction activities at The Corner – IN and reclassified the property from active development into our operating portfolio in March 2025.