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Investment in Unconsolidated Ventures (Tables)
 6 Months Ended
Jun. 30, 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
 
Second
Quarter-End
 
Year-End
 
Second
Quarter-End
 
Year-End
 
Second
Quarter-End
 
Year-End
 
Second
Quarter-End
 
Year-End
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
 
(In thousands)
242, LLC (b)
$
28,221

 
$
26,687

 
$
1,649

 
$
—

 
$
24,413

 
$
24,877

 
$
11,535

 
$
11,766

CL Ashton Woods, LP (c)
4,445

 
7,654

 
—

 
—

 
3,602

 
6,084

 
1,978

 
3,615

CL Realty, LLC
7,829

 
7,872

 
—

 
—

 
7,726

 
7,662

 
3,863

 
3,831

CREA FMF Nashville LLC (b)
56,165

 
57,820

 
36,945

 
50,845

 
17,441

 
4,291

 
3,500

 
3,820

Elan 99, LLC
48,248

 
34,192

 
29,788

 
14,587

 
14,494

 
15,838

 
13,045

 
14,255

FOR/SR Forsyth LLC
8,249

 
6,500

 
—

 
—

 
8,233

 
6,500

 
7,410

 
5,850

FMF Littleton LLC
68,528

 
52,376

 
37,328

 
22,347

 
24,022

 
24,370

 
6,184

 
6,270

FMF Peakview LLC
—

 
48,869

 
—

 
30,485

 
—

 
16,828

 
—

 
3,447

HM Stonewall Estates, Ltd (c)
1,660

 
2,842

 
—

 
—

 
1,660

 
2,842

 
693

 
1,294

LM Land Holdings, LP (c)
27,009

 
31,984

 
4,983

 
7,728

 
21,388

 
22,751

 
9,934

 
9,664

MRECV DT Holdings LLC
4,287

 
4,215

 
—

 
—

 
4,287

 
4,215

 
3,629

 
3,807

MRECV Edelweiss LLC
2,472

 
2,237

 
—

 
—

 
2,466

 
2,237

 
2,471

 
2,029

MRECV Juniper Ridge LLC
4,179

 
3,006

 
—

 
—

 
4,179

 
3,006

 
3,827

 
2,730

MRECV Meadow Crossing II LLC
2,224

 
728

 
—

 
—

 
2,224

 
728

 
2,028

 
655

Miramonte Boulder Pass, LLC
13,063

 
12,627

 
6,973

 
5,869

 
5,506

 
5,474

 
5,450

 
5,349

Temco Associates, LLC
5,312

 
5,284

 
—

 
—

 
5,192

 
5,113

 
2,596

 
2,557

Other ventures (d)
4,161

 
4,174

 
2,157

 
2,242

 
1,998

 
1,922

 
1,587

 
1,514

 
$
286,052

 
$
309,067

 
$
119,823

 
$
134,103

 
$
148,831

 
$
154,738

 
$
79,730

 
$
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)
 
Second Quarter
 
First Six Months
 
Second Quarter
 
First Six Months
 
Second Quarter
 
First Six Months
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
 
(In thousands)
242, LLC (b)
$
—

 
$
12,368

 
$
—

 
$
17,699

 
$
(164
)
 
$
4,409

 
$
(464
)
 
$
7,873

 
$
(82
)
 
$
2,279

 
$
(232
)
 
$
4,045

CL Ashton Woods, LP (c)
993

 
1,061

 
1,689

 
2,411

 
151

 
851

 
518

 
1,378

 
324

 
878

 
763

 
1,556

CL Realty, LLC
113

 
190

 
246

 
469

 
17

 
83

 
64

 
243

 
8

 
42

 
31

 
122

CREA FMF Nashville LLC (b)
1,081

 
29

 
1,982

 
35

 
(498
)
 
(103
)
 
(1,069
)
 
(216
)
 
(149
)
 
(103
)
 
(320
)
 
(216
)
Elan 99, LLC
147

 
—

 
167

 
—

 
(934
)
 
—

 
(1,344
)
 
(2
)
 
(841
)
 
—

 
(1,210
)
 
(2
)
FMF Littleton LLC
526

 
—

 
847

 
—

 
(178
)
 
—

 
(348
)
 
—

 
(44
)
 
—

 
(86
)
 
—

FMF Peakview LLC
—

 
466

 
939

 
652

 
—

 
(252
)
 
(248
)
 
(734
)
 
—

 
(50
)
 
(50
)
 
(146
)
FOR/SR Forsyth LLC
—

 
—

 
—

 
—

 
(17
)
 
—

 
(17
)
 
—

 
(15
)
 
—

 
(15
)
 
—

HM Stonewall Estates, Ltd (c)
580

 
611

 
1,126

 
1,669

 
294

 
297

 
514

 
812

 
124

 
343

 
227

 
573

LM Land Holdings, LP (c)
2,026

 
4,321

 
3,026

 
6,297

 
1,415

 
2,538

 
2,055

 
3,788

 
501

 
923

 
645

 
1,287

MRECV DT Holdings LLC
119

 
—

 
217

 
—

 
117

 
—

 
215

 
—

 
105

 
—

 
193

 
—

MRECV Edelweiss LLC
94

 
—

 
181

 
—

 
87

 
—

 
174

 
—

 
78

 
—

 
156

 
—

MRECV Juniper Ridge LLC
202

 
—

 
205

 
—

 
203

 
—

 
206

 
—

 
183

 
—

 
186

 
—

MRECV Meadow Crossing II LLC
29

 
—

 
29

 
—

 
16

 
—

 
(18
)
 
—

 
14

 
—

 
(17
)
 
—

Miramonte Boulder Pass, LLC
663

 
—

 
663

 
—

 
(34
)
 
(49
)
 
(159
)
 
(49
)
 
(17
)
 
(25
)
 
(79
)
 
(25
)
PSW Communities, LP
—

 
13,642

 
—

 
16,069

 
—

 
2,333

 
—

 
2,528

 
—

 
788

 
—

 
961

Temco Associates, LLC
48

 
1,086

 
147

 
1,144

 
12

 
460

 
79

 
459

 
6

 
230

 
40

 
230

Other ventures (d)
—

 
—

 
—

 
3,701

 
(83
)
 
(55
)
 
(57
)
 
(258
)
 
(7
)
 
279

 
3

 
244

 
$
6,621

 
$
33,774

 
$
11,464

 
$
50,146

 
$
404

 
$
10,512

 
$
101

 
$
15,822

 
$
188

 
$
5,584

 
$
235

 
$
8,629


 _____________________
(a) 
Total includes current maturities of $4,412,000 at second quarter-end 2016, of which $4,412,000 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 second quarter-end 2016.
(c) 
Includes unrecognized basis difference of $181,000 which is reflected as a reduction of our investment in unconsolidated ventures at second 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 16—Variable Interest Entities for additional information.