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Investment in Unconsolidated Ventures (Tables)
 6 Months Ended
Jun. 30, 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
 
Second
Quarter-End
 
Year-End
 
Second
Quarter-End
 
Year-End
 
Second
Quarter-End
 
Year-End
 
Second
Quarter-End
 
Year-End
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
(In thousands)
242, LLC (b)
$
23,014

 
$
26,503

 
$
—

 
$
1,107

 
$
22,822

 
$
23,136

 
$
10,863

 
$
10,934

CL Ashton Woods, LP (c)
1,350

 
2,653

 
—

 
—

 
1,296

 
2,198

 
939

 
1,107

CL Realty, LLC
7,989

 
8,048

 
—

 
—

 
7,900

 
7,899

 
3,950

 
3,950

CREA FMF Nashville LLC (b)
54,121

 
56,081

 
35,844

 
37,446

 
17,321

 
17,091

 
4,850

 
4,923

Elan 99, LLC
49,191

 
49,652

 
36,356

 
36,238

 
11,845

 
13,100

 
10,659

 
11,790

FMF Littleton LLC
70,541

 
70,282

 
46,158

 
44,446

 
23,618

 
23,798

 
6,083

 
6,128

FMF Peakview LLC
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

FOR/SR Forsyth LLC
11,195

 
10,672

 
1,545

 
1,568

 
9,627

 
8,990

 
8,664

 
8,091

HM Stonewall Estates, Ltd
—

 
852

 
—

 
—

 
—

 
852

 
—

 
477

LM Land Holdings, LP (c)
24,211

 
25,538

 
2,470

 
3,477

 
13,162

 
20,945

 
6,424

 
9,685

MRECV DT Holdings LLC
3,855

 
4,155

 
—

 
—

 
3,855

 
4,144

 
3,470

 
3,729

MRECV Edelweiss LLC/MRECV Lender VIII LLC
7,283

 
3,484

 
—

 
—

 
7,283

 
3,484

 
6,555

 
3,358

MRECV Juniper Ridge LLC
3,371

 
4,156

 
—

 
—

 
3,371

 
4,156

 
3,034

 
3,741

MRECV Meadow Crossing II LLC
2,850

 
2,492

 
—

 
—

 
2,850

 
2,491

 
2,565

 
2,242

Miramonte Boulder Pass, LLC
8,903

 
10,738

 
2,648

 
4,006

 
4,670

 
5,265

 
4,467

 
5,330

Temco Associates, LLC
4,406

 
4,368

 
—

 
—

 
4,302

 
4,253

 
2,151

 
2,126

Other ventures
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
$
272,280

 
$
279,674

 
$
125,021

 
$
128,288

 
$
133,922

 
$
141,802

 
$
74,674

 
$
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)
 
Second Quarter
 
First Six Months
 
Second Quarter
 
First Six Months
 
Second Quarter
 
First Six Months
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
(In thousands)
242, LLC (b)
$
—

 
$
—

 
$
13,073

 
$
—

 
$
(83
)
 
$
(164
)
 
$
8,382

 
$
(464
)
 
$
(41
)
 
$
(82
)
 
$
4,277

 
$
(232
)
CL Ashton Woods, LP (c)
846

 
993

 
2,628

 
1,689

 
348

 
151

 
1,098

 
518

 
473

 
324

 
1,432

 
763

CL Realty, LLC
—

 
113

 
199

 
246

 
(64
)
 
17

 
2,401

 
64

 
(32
)
 
8

 
1,200

 
31

CREA FMF Nashville LLC (b)
1,465

 
1,081

 
2,870

 
1,982

 
(150
)
 
(498
)
 
(320
)
 
(1,069
)
 
(43
)
 
(149
)
 
(97
)
 
(320
)
Elan 99, LLC
1,026

 
147

 
1,928

 
167

 
(601
)
 
(934
)
 
(1,254
)
 
(1,344
)
 
(541
)
 
(841
)
 
(1,129
)
 
(1,210
)
FMF Littleton LLC
1,596

 
526

 
3,011

 
847

 
(15
)
 
(178
)
 
(180
)
 
(348
)
 
(4
)
 
(44
)
 
(45
)
 
(86
)
FMF Peakview LLC
—

 
—

 
—

 
939

 
—

 
—

 
—

 
(248
)
 
—

 
—

 
—

 
(50
)
FOR/SR Forsyth LLC
—

 
—

 
—

 
—

 
(36
)
 
(17
)
 
(68
)
 
(17
)
 
(33
)
 
(15
)
 
(61
)
 
(15
)
HM Stonewall Estates, Ltd
—

 
580

 
496

 
1,126

 
—

 
294

 
243

 
514

 
—

 
124

 
103

 
227

LM Land Holdings, LP (c)
15,880

 
2,026

 
16,933

 
3,026

 
5,589

 
1,415

 
6,217

 
2,055

 
1,774

 
501

 
1,989

 
645

MRECV DT Holdings LLC
287

 
119

 
588

 
217

 
287

 
117

 
586

 
215

 
259

 
105

 
528

 
193

MRECV Edelweiss LLC/MRECV Lender VIII LLC
238

 
94

 
423

 
181

 
237

 
87

 
422

 
174

 
214

 
78

 
380

 
156

MRECV Juniper Ridge LLC
597

 
202

 
610

 
205

 
597

 
203

 
610

 
206

 
537

 
183

 
549

 
186

MRECV Meadow Crossing II LLC
237

 
29

 
359

 
29

 
236

 
16

 
358

 
(18
)
 
212

 
14

 
322

 
(17
)
Miramonte Boulder Pass, LLC
894

 
663

 
2,536

 
663

 
(40
)
 
(34
)
 
4

 
(159
)
 
(38
)
 
(17
)
 
(363
)
 
(79
)
Temco Associates, LLC
48

 
48

 
96

 
147

 
22

 
12

 
49

 
79

 
10

 
6

 
24

 
40

Other ventures
—

 
—

 
—

 
—

 
—

 
(83
)
 
—

 
(57
)
 
—

 
(7
)
 
—

 
3

 
$
23,114

 
$
6,621

 
$
45,750

 
$
11,464

 
$
6,327

 
$
404

 
$
18,548

 
$
101

 
$
2,747

 
$
188

 
$
9,109

 
$
235


 _____________________
(a) 
Total includes current maturities of $123,991,000 at second quarter-end 2017, of which $107,075,000 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 second quarter-end 2017.
(c) 
Includes unrecognized basis difference of $436,000 which is reflected as an increase of our investment in unconsolidated ventures at second 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.