The table below sets forth information pertaining to our investments in consolidated real estate joint ventures as of March 31, 2015 (dollars in thousands): | | | | | | | | | | | | | | | | | | | | | | | | Nominal | | | | | | | | | | | | | Ownership | | | | March 31, 2015 | (1) | | | Date | | % as of | | | | Total | | Encumbered | | Total | | | Acquired | | 3/31/2015 | | Nature of Activity | | Assets | | Assets | | Liabilities | LW Redstone Company, LLC | | 3/23/2010 | | 85% | | Operates four buildings and developing others (2) | | $ | 149,098 |
| | $ | 65,934 |
| | $ | 43,314 |
| M Square Associates, LLC | | 6/26/2007 | | 50% | | Operates two buildings and developing others (3) | | 59,671 |
| | 48,480 |
| | 38,700 |
| | | | | | | | | $ | 208,769 |
| | $ | 114,414 |
| | $ | 82,014 |
|
| | (1) | Excludes amounts eliminated in consolidation. |
| | (2) | This joint venture’s properties are in Huntsville, Alabama. |
| | (3) | This joint venture’s properties are in College Park, Maryland (in the Baltimore/Washington Corridor). |
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