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Investment in Unconsolidated Ventures (Tables)
 3 Months Ended
Mar. 31, 2017
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
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
(In thousands)
242, LLC (b)
$
23,530

 
$
26,503

 
$
—

 
$
1,107

 
$
22,905

 
$
23,136

 
$
10,904

 
$
10,934

CL Ashton Woods, LP (c)
3,064

 
2,653

 
—

 
—

 
2,948

 
2,198

 
2,067

 
1,107

CL Realty, LLC
8,056

 
8,048

 
—

 
—

 
7,964

 
7,899

 
3,982

 
3,950

CREA FMF Nashville LLC (b)
54,071

 
56,081

 
36,018

 
37,446

 
17,470

 
17,091

 
4,894

 
4,923

Elan 99, LLC
49,539

 
49,652

 
36,391

 
36,238

 
12,447

 
13,100

 
11,202

 
11,790

FMF Littleton LLC
70,434

 
70,282

 
45,744

 
44,446

 
23,634

 
23,798

 
6,086

 
6,128

FMF Peakview LLC
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

FOR/SR Forsyth LLC
10,794

 
10,672

 
1,569

 
1,568

 
9,233

 
8,990

 
8,310

 
8,091

HM Stonewall Estates, Ltd (c)
1,184

 
852

 
—

 
—

 
1,096

 
852

 
579

 
477

LM Land Holdings, LP (c)
26,424

 
25,538

 
3,851

 
3,477

 
21,573

 
20,945

 
9,900

 
9,685

MRECV DT Holdings LLC
4,318

 
4,155

 
—

 
—

 
4,318

 
4,144

 
3,886

 
3,729

MRECV Edelweiss LLC
5,276

 
3,484

 
—

 
—

 
5,276

 
3,484

 
5,027

 
3,358

MRECV Juniper Ridge LLC
4,169

 
4,156

 
—

 
—

 
4,169

 
4,156

 
3,428

 
3,741

MRECV Meadow Crossing II LLC
2,615

 
2,492

 
—

 
—

 
2,614

 
2,491

 
2,352

 
2,242

Miramonte Boulder Pass, LLC
9,333

 
10,738

 
3,126

 
4,006

 
4,710

 
5,265

 
4,505

 
5,330

Temco Associates, LLC
4,387

 
4,368

 
—

 
—

 
4,280

 
4,253

 
2,140

 
2,126

Other ventures
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
$
277,194

 
$
279,674

 
$
126,699

 
$
128,288

 
$
144,637

 
$
141,802

 
$
79,262

 
$
77,611
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
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
(In thousands)
242, LLC (b)
$
12,738

 
$
—

 
$
8,465

 
$
(300
)
 
$
4,318

 
$
(150
)
CL Ashton Woods, LP (c)
1,782

 
696

 
750

 
367

 
959

 
439

CL Realty, LLC
199

 
133

 
2,465

 
47

 
1,232

 
23

CREA FMF Nashville LLC (b)
1,405

 
901

 
(170
)
 
(571
)
 
(54
)
 
(171
)
Elan 99, LLC
902

 
20

 
(653
)
 
(410
)
 
(588
)
 
(369
)
FMF Littleton LLC
1,415

 
321

 
(165
)
 
(170
)
 
(41
)
 
(42
)
FMF Peakview LLC
—

 
939

 
—

 
(248
)
 
—

 
(50
)
FOR/SR Forsyth LLC
—

 
—

 
(32
)
 
—

 
(28
)
 
—

HM Stonewall Estates, Ltd (c)
496

 
546

 
243

 
220

 
103

 
103

LM Land Holdings, LP (c)
1,053

 
1,000

 
628

 
640

 
215

 
144

MRECV DT Holdings LLC
301

 
98

 
299

 
98

 
269

 
88

MRECV Edelweiss LLC
185

 
87

 
185

 
87

 
166

 
78

MRECV Juniper Ridge LLC
13

 
3

 
13

 
3

 
12

 
3

MRECV Meadow Crossing II LLC
122

 
—

 
122

 
(34
)
 
110

 
(31
)
Miramonte Boulder Pass, LLC
1,642

 
—

 
44

 
(125
)
 
(325
)
 
(62
)
Temco Associates, LLC
48

 
99

 
27

 
67

 
14

 
34

Other ventures
—

 
—

 
—

 
26

 
—

 
10

 
$
22,301

 
$
4,843

 
$
12,221

 
$
(303
)
 
$
6,362

 
$
47


 _____________________
(a) 
Total includes current maturities of $125,498,000 at first quarter-end 2017, of which $108,675,000 is non-recourse to us, and $89,756,000 at year-end 2016, of which $78,557,000 is non-recourse to us.
(b) 
Includes unamortized deferred gains on real estate we contributed to ventures. We recognize deferred gains as income as the real estate is sold to third parties. Deferred gains of $1,372,000 are reflected as a reduction to our investment in unconsolidated ventures at first quarter-end 2017.
(c) 
Includes unrecognized basis difference of $578,000 which is reflected as an increase of our investment in unconsolidated ventures at first quarter-end 2017. 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.