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Investment in Unconsolidated Ventures (Tables)
 12 Months Ended
Dec. 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
 
At Year-End
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
 
(In thousands)
242, LLC (b)
$
26,687

 
$
33,021

 
$
—

 
$
6,940

 
$
24,877

 
$
21,789

 
$
11,766

 
$
10,098

CL Ashton Woods, LP (d)
7,654

 
13,269

 
—

 
—

 
6,084

 
11,453

 
3,615

 
6,015

CL Realty, LLC
7,872

 
7,960

 
—

 
—

 
7,662

 
7,738

 
3,831

 
3,869

CREA FMF Nashville LLC (b)
58,002

 
40,014

 
51,028

 
29,660

 
4,291

 
5,987

 
3,820

 
5,516

Elan 99, LLC
34,327

 
10,070

 
14,721

 
1

 
15,838

 
9,643

 
14,255

 
8,679

FMF Littleton LLC
52,528

 
26,953

 
22,499

 
—

 
24,370

 
24,435

 
6,270

 
6,287

FMF Peakview LLC
48,908

 
43,638

 
30,524

 
23,070

 
16,828

 
17,464

 
3,447

 
3,575

FOR/SR Forsyth LLC
6,500

 
—

 
—

 
—

 
6,500

 
—

 
5,850

 
—

HM Stonewall Estates, Ltd. (d)
2,842

 
3,750

 
—

 
669

 
2,842

 
3,081

 
1,294

 
1,752

LM Land Holdings, LP (d)
32,008

 
25,561

 
7,752

 
4,448

 
22,751

 
18,500

 
9,664

 
9,322

MRECV DT Holdings LLC
4,215

 
—

 
—

 
—

 
4,215

 
—

 
3,807

 
—

MRECV Edelweiss LLC
2,237

 
—

 
—

 
—

 
2,237

 
—

 
2,029

 
—

MRECV Juniper Ridge
3,006

 
—

 
—

 
—

 
3,006

 
—

 
2,730

 
—

MRECV Meadow Crossing II LLC
728

 
—

 
—

 
—

 
728

 
—

 
655

 
—

Miramonte Boulder Pass, LLC
12,627

 
—

 
5,869

 
—

 
5,474

 
—

 
5,349

 
—

PSW Communities, LP
—

 
16,045

 
—

 
10,515

 
—

 
4,415

 
—

 
3,924

TEMCO Associates, LLC
5,284

 
11,756

 
—

 
—

 
5,113

 
11,556

 
2,557

 
5,778

Other ventures (e)
4,201

 
8,453

 
2,269

 
26,944

 
1,922

 
(25,614
)
 
1,514

 
190

 
$
309,626

 
$
240,490

 
$
134,662

 
$
102,247

 
$
154,738

 
$
110,447

 
$
82,453

 
$
65,005
Summarized Income Statement Information
Combined summarized income statement information for our ventures accounted for using the equity method follows:
 
Revenues
 
Earnings (Loss)
 
Our Share of Earnings (Loss)
 
For the Year
 
2015
 
2014
 
2013
 
2015
 
2014
 
2013
 
2015
 
2014
 
2013
 
(In thousands)
242, LLC (b)
$
20,995

 
$
5,612

 
$
6,269

 
$
9,588

 
$
2,951

 
$
1,512

 
$
4,919

 
$
1,514

 
$
805

CJUF III, RH Holdings (c)
—

 
2,168

 
120

 
—

 
(956
)
 
(652
)
 
—

 
(956
)
 
(652
)
CL Ashton Woods, LP (d)
9,820

 
5,431

 
9,018

 
3,881

 
1,748

 
2,660

 
5,000

 
2,471

 
4,169

CL Realty, LLC
856

 
1,573

 
1,603

 
424

 
1,068

 
1,028

 
212

 
534

 
514

CREA FMF Nashville LLC (b)
1,227

 
—

 
—

 
(1,696
)
 
(163
)
 
—

 
(1,696
)
 
(163
)
 
—

Elan 99, LLC
—

 
—

 
—

 
(49
)
 
(87
)
 
—

 
(44
)
 
(78
)
 
—

FMF Littleton LLC
120

 
—

 
—

 
(367
)
 
(239
)
 
—

 
(92
)
 
(60
)
 
—

FMF Peakview LLC
2,057

 
4

 
1

 
(1,116
)
 
(410
)
 
(252
)
 
(223
)
 
(83
)
 
(50
)
FOR/SR Forsyth LLC
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

HM Stonewall Estates, Ltd. (d)
3,990

 
1,728

 
2,922

 
1,881

 
613

 
1,082

 
952

 
248

 
452

LM Land Holdings, LP (d)
10,956

 
21,980

 
25,426

 
8,251

 
15,520

 
11,012

 
3,342

 
4,827

 
3,418

MRECV DT Holdings LLC
—

 
—

 
—

 
167

 
—

 
—

 
—

 
—

 
—

MRECV Edelweiss LLC
—

 
—

 
—

 
151

 
—

 
—

 
137

 
—

 
—

MRECV Juniper Ridge
—

 
—

 
—

 
106

 
—

 
—

 
—

 
—

 
—

Miramonte Boulder Pass, LLC
—

 
—

 
—

 
(250
)
 
—

 
—

 
(125
)
 
—

 
—

PSW Communities, LP
29,986

 
—

 
—

 
2,688

 
(86
)
 
—

 
1,169

 
(76
)
 
—

TEMCO Associates, LLC
9,485

 
2,155

 
630

 
2,358

 
494

 
96

 
1,179

 
247

 
48

Other ventures
36,237

 
1,792

 
5,994

 
33,303

 
4,835

 
176

 
1,278

 
260

 
33

 
$
125,729

 
$
42,443

 
$
51,983

 
$
59,320

 
$
25,288

 
$
16,662

 
$
16,008

 
$
8,685

 
$
8,737

_____________________
(a) 
Total includes current maturities of $39,590,000 at year-end 2015, of which $6,798,000 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 $1,496,000 are reflected as a reduction to our investment in unconsolidated ventures at year-end 2015.
(c) 
In 2014, we acquired full ownership in the Eleven venture for $21,500,000. The acquisition-date fair value was $55,275,000, including debt of $23,936,000. Our investment in the Eleven venture prior to acquiring our partner’s interest was $2,229,000.
(d) 
Includes unrecognized basis difference of $34,000 which is reflected as a reduction of our investment in unconsolidated ventures at year-end 2015. This difference between estimated fair value of the equity investment and our capital account within the respective ventures at closing 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.
(e) 
Our investment in other ventures reflects our ownership interests generally ranging from 40 to 75 percent, 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.