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Investment in Unconsolidated Ventures (Tables)
 3 Months Ended
Mar. 31, 2016
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
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
 
(In thousands)
242, LLC (b)
$
26,534

 
$
26,687

 
$
180

 
$
—

 
$
24,577

 
$
24,877

 
$
11,617

 
$
11,766

CL Ashton Woods, LP (c)
4,641

 
7,654

 
—

 
—

 
3,451

 
6,084

 
1,653

 
3,615

CL Realty, LLC
7,761

 
7,872

 
—

 
—

 
7,709

 
7,662

 
3,854

 
3,831

CREA FMF Nashville LLC (b)
56,348

 
57,820

 
36,832

 
50,845

 
17,940

 
4,291

 
3,649

 
3,820

Elan 99, LLC
44,363

 
34,192

 
23,352

 
14,587

 
15,429

 
15,838

 
13,886

 
14,255

FOR/SR Forsyth LLC
6,950

 
6,500

 
—

 
—

 
6,950

 
6,500

 
6,255

 
5,850

FMF Littleton LLC
59,433

 
52,376

 
26,706

 
22,347

 
24,200

 
24,370

 
6,228

 
6,270

FMF Peakview LLC
—

 
48,869

 
—

 
30,485

 
—

 
16,828

 
—

 
3,447

HM Stonewall Estates, Ltd (c)
1,798

 
2,842

 
—

 
—

 
1,798

 
2,842

 
1,034

 
1,294

LM Land Holdings, LP (c)
25,479

 
31,984

 
4,270

 
7,728

 
20,619

 
22,751

 
9,808

 
9,664

MRECV DT Holdings LLC
4,215

 
4,215

 
—

 
—

 
4,215

 
4,215

 
3,793

 
3,807

MRECV Edelweiss LLC
2,404

 
2,237

 
—

 
—

 
2,404

 
2,237

 
2,170

 
2,029

MRECV Juniper Ridge LLC
4,022

 
3,006

 
—

 
—

 
4,021

 
3,006

 
3,645

 
2,730

MRECV Meadow Crossing II LLC
2,187

 
728

 
—

 
—

 
2,187

 
728

 
1,982

 
655

Miramonte Boulder Pass, LLC
13,160

 
12,627

 
6,320

 
5,869

 
5,349

 
5,474

 
5,287

 
5,349

Temco Associates, LLC
5,295

 
5,284

 
—

 
—

 
5,181

 
5,113

 
2,590

 
2,557

Other ventures (d)
4,167

 
4,174

 
2,202

 
2,242

 
1,958

 
1,922

 
1,562

 
1,514

 
$
268,757

 
$
309,067

 
$
99,862

 
$
134,103

 
$
147,988

 
$
154,738

 
$
79,013

 
$
82,453
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
 
First Quarter
 
First Quarter
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
 
(In thousands)
242, LLC (b)
$
—

 
$
5,331

 
$
(300
)
 
$
3,464

 
$
(150
)
 
$
1,766

CL Ashton Woods, LP (c)
696

 
1,350

 
367

 
527

 
439

 
678

CL Realty, LLC
133

 
279

 
47

 
160

 
23

 
80

CREA FMF Nashville LLC (b)
901

 
6

 
(571
)
 
(113
)
 
(171
)
 
(113
)
Elan 99, LLC
20

 
—

 
(410
)
 
(2
)
 
(369
)
 
(2
)
FMF Littleton LLC
321

 
—

 
(170
)
 
—

 
(42
)
 
—

FMF Peakview LLC
939

 
186

 
(248
)
 
(482
)
 
(50
)
 
(96
)
FOR/SR Forsyth LLC
—

 
—

 
—

 
—

 
—

 
—

HM Stonewall Estates, Ltd (c)
4,063

 
1,058

 
220

 
515

 
103

 
230

LM Land Holdings, LP (c)
1,000

 
1,976

 
640

 
1,250

 
144

 
364

MRECV DT Holdings LLC
98

 
—

 
98

 
—

 
88

 
—

MRECV Edelweiss LLC
87

 
—

 
87

 
—

 
78

 
—

MRECV Juniper Ridge LLC
3

 
—

 
3

 
—

 
3

 
—

MRECV Meadow Crossing II LLC
—

 
—

 
34

 
—

 
(31
)
 
—

Miramonte Boulder Pass, LLC
—

 
—

 
(125
)
 
—

 
(62
)
 
—

PSW Communities, LP
—

 
2,427

 
—

 
195

 
—

 
173

Temco Associates, LLC
99

 
58

 
67

 
(1
)
 
34

 
—

Other ventures (d)
—

 
3,701

 
26

 
(203
)
 
10

 
(35
)
 
$
8,360

 
$
16,372

 
$
(235
)
 
$
5,310

 
$
47

 
$
3,045


 _____________________
(a) 
Total includes current maturities of $8,524,000 at first quarter-end 2016, of which $6,320,000 is non-recourse to us, and $39,590,000 at year-end 2015, of which $6,798,000 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 first quarter-end 2016.
(c) 
Includes unrecognized basis difference of $30,000 which is reflected as a reduction of our investment in unconsolidated ventures at first quarter-end 2016. 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 17—Variable Interest Entities for additional information.