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Investment in Unconsolidated Ventures (Tables)
 3 Months Ended
Mar. 31, 2015
Equity Method Investments and Joint Ventures [Abstract]  
Summarized Balance Sheet Information
Combined summarized balance sheet information for our ventures accounted for using the equity method follows:
 
Venture Assets
 
Venture Borrowings(a)
 
Venture Equity
 
Our Investment
 
First
Quarter-End
 
Year-End
 
First
Quarter-End
 
Year-End
 
First
Quarter-End
 
Year-End
 
First
Quarter-End
 
Year-End
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
 
(In thousands)
242, LLC (b)
$
35,556

 
$
33,021

 
$
9,328

 
$
6,940

 
$
22,253

 
$
21,789

 
$
10,363

 
$
10,098

CL Ashton Woods, LP (c)
12,649

 
13,269

 
—

 
—

 
9,479

 
11,453

 
4,693

 
6,015

CL Realty, LLC
7,965

 
7,960

 
—

 
—

 
7,899

 
7,738

 
3,950

 
3,869

CREA FMF Nashville LLC (b)
50,251

 
40,014

 
40,648

 
29,660

 
5,874

 
5,987

 
5,403

 
5,516

Elan 99, LLC
12,060

 
10,070

 
1

 
1

 
10,333

 
9,643

 
9,299

 
8,679

FMF Littleton LLC
32,765

 
26,953

 
3,912

 
—

 
24,737

 
24,435

 
6,362

 
6,287

FMF Peakview LLC
45,457

 
43,638

 
24,774

 
23,070

 
17,462

 
17,464

 
3,574

 
3,575

HM Stonewall Estates, Ltd (c)
3,629

 
3,750

 
33

 
669

 
3,596

 
3,081

 
1,982

 
1,752

LM Land Holdings, LP (c)
30,487

 
25,561

 
8,505

 
4,448

 
19,750

 
18,500

 
9,686

 
9,322

PSW Communities, LP
18,964

 
16,045

 
12,870

 
10,515

 
4,610

 
4,415

 
4,097

 
3,924

Temco Associates, LLC
11,734

 
11,756

 
—

 
—

 
11,556

 
11,556

 
5,778

 
5,778

Other ventures (d)
4,837

 
8,453

 
23,437

 
26,944

 
(25,752
)
 
(25,614
)
 
194

 
190

 
$
266,354

 
$
240,490

 
$
123,508

 
$
102,247

 
$
111,797

 
$
110,447

 
$
65,381

 
$
65,005
Summarized Income Statement Information
Combined summarized income statement information for our ventures accounted for using the equity method follows:
 
 Venture Revenues
 
 Venture Earnings (Loss)
 
Our Share of Earnings (Loss)
 
First Quarter
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
 
(In thousands)
242, LLC (b)
$
5,331

 
$
1,475

 
$
3,464

 
$
533

 
$
1,766

 
$
277

CL Ashton Woods, LP (c)
1,350

 
708

 
527

 
220

 
678

 
318

CL Realty, LLC
279

 
368

 
160

 
230

 
80

 
115

CREA FMF Nashville LLC (b)
6

 
—

 
(113
)
 
(25
)
 
(113
)
 
(25
)
Elan 99, LLC
—

 
—

 
(2
)
 
—

 
(2
)
 
—

FMF Peakview LLC
186

 
—

 
(482
)
 
(73
)
 
(96
)
 
(15
)
HM Stonewall Estates, Ltd (c)
1,058

 
1,001

 
515

 
352

 
230

 
141

LM Land Holdings, LP (c)
1,976

 
4,898

 
1,250

 
2,927

 
364

 
677

PSW Communities, LP
2,427

 
—

 
195

 
(216
)
 
173

 
(189
)
Temco Associates, LLC
58

 
60

 
(1
)
 
(18
)
 
—

 
(9
)
Other ventures (d)
3,701

 
385

 
(203
)
 
(261
)
 
(35
)
 
(299
)
 
$
16,372

 
$
8,895

 
$
5,310

 
$
3,669

 
$
3,045

 
$
991


 _____________________
(a) 
Total includes current maturities of $78,947,000 at first quarter-end 2015, of which $51,788,000 is non-recourse to us, and $65,795,000 at year-end 2014, of which $42,566,000 is non-recourse to us.
(b) 
Includes unamortized deferred gains on real estate contributed by us to ventures. We recognize deferred gains as income as real estate is sold to third parties. Deferred gains of $1,587,000 are reflected as a reduction to our investment in unconsolidated ventures at first quarter-end 2015.
(c) 
Includes unrecognized basis difference of $1,373,000 which is reflected as a reduction of our investment in unconsolidated ventures at first quarter-end 2015. The difference will be accreted as income or expense over the life of the investment and included in our share of earnings (loss) from the respective ventures.
(d) 
Our investment in other ventures reflects our ownership interests, excluding venture losses that exceed our investment where we are not obligated to fund those losses. Please read Note 16—Variable Interest Entities for additional information.