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Investment in Unconsolidated Ventures (Tables)
 9 Months Ended
Sep. 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
 
Third
Quarter-End
 
Year-End
 
Third
Quarter-End
 
Year-End
 
Third
Quarter-End
 
Year-End
 
Third
Quarter-End
 
Year-End
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
(In thousands)
242, LLC (b)
$
19,600

 
$
26,503

 
$
—

 
$
1,107

 
$
19,376

 
$
23,136

 
$
9,140

 
$
10,934

CL Ashton Woods, LP
581

 
2,653

 
—

 
—

 
558

 
2,198

 
446

 
1,107

CL Realty, LLC
8,287

 
8,048

 
—

 
—

 
8,156

 
7,899

 
4,078

 
3,950

CREA FMF Nashville LLC (b)
53,986

 
56,081

 
35,676

 
37,446

 
17,162

 
17,091

 
4,803

 
4,923

Elan 99, LLC
49,003

 
49,652

 
36,373

 
36,238

 
11,283

 
13,100

 
10,155

 
11,790

FMF Littleton LLC
68,536

 
70,282

 
46,006

 
44,446

 
21,745

 
23,798

 
5,508

 
6,128

FMF Peakview LLC
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

FOR/SR Forsyth LLC
11,566

 
10,672

 
1,548

 
1,568

 
9,985

 
8,990

 
8,986

 
8,091

HM Stonewall Estates, Ltd
—

 
852

 
—

 
—

 
—

 
852

 
—

 
477

LM Land Holdings, LP (c)
22,816

 
25,538

 
906

 
3,477

 
13,771

 
20,945

 
6,619

 
9,685

MRECV DT Holdings LLC
3,573

 
4,155

 
—

 
—

 
3,573

 
4,144

 
3,216

 
3,729

MRECV Edelweiss LLC/MRECV Lender VIII LLC
7,824

 
3,484

 
—

 
—

 
7,824

 
3,484

 
7,042

 
3,358

MRECV Juniper Ridge LLC
3,784

 
4,156

 
—

 
—

 
3,784

 
4,156

 
3,405

 
3,741

MRECV Meadow Crossing II LLC
3,103

 
2,492

 
—

 
—

 
3,103

 
2,491

 
2,793

 
2,242

Miramonte Boulder Pass, LLC
7,488

 
10,738

 
1,391

 
4,006

 
4,775

 
5,265

 
4,567

 
5,330

Temco Associates, LLC
4,426

 
4,368

 
—

 
—

 
4,323

 
4,253

 
2,162

 
2,126

Other ventures
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
$
264,573

 
$
279,674

 
$
121,900

 
$
128,288

 
$
129,418

 
$
141,802

 
$
72,920

 
$
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)
 
Third Quarter
 
First Nine Months
 
Third Quarter
 
First Nine Months
 
Third Quarter
 
First Nine Months
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
(In thousands)
242, LLC (b)
$
—

 
$
937

 
$
13,073

 
$
937

 
$
(342
)
 
$
15

 
$
8,040

 
$
(449
)
 
$
(171
)
 
$
14

 
$
4,106

 
$
(218
)
CL Ashton Woods, LP
451

 
288

 
3,079

 
1,977

 
262

 
83

 
1,360

 
601

 
307

 
129

 
1,739

 
892

CL Realty, LLC
300

 
140

 
499

 
386

 
256

 
72

 
2,657

 
136

 
128

 
37

 
1,328

 
68

CREA FMF Nashville LLC (b)
1,410

 
1,291

 
4,280

 
3,273

 
(159
)
 
(145
)
 
(479
)
 
(1,214
)
 
(47
)
 
1,484

 
(144
)
 
1,164

Elan 99, LLC
1,188

 
461

 
3,116

 
628

 
(562
)
 
(867
)
 
(1,816
)
 
(2,211
)
 
(506
)
 
(779
)
 
(1,635
)
 
(1,989
)
FMF Littleton LLC
1,702

 
944

 
4,713

 
1,791

 
227

 
(183
)
 
47

 
(531
)
 
57

 
(47
)
 
12

 
(133
)
FMF Peakview LLC
—

 
—

 
—

 
939

 
—

 
—

 
—

 
(248
)
 
—

 
—

 
—

 
(50
)
FOR/SR Forsyth LLC
—

 
—

 
—

 
—

 
(42
)
 
(21
)
 
(110
)
 
(38
)
 
(38
)
 
(19
)
 
(99
)
 
(34
)
HM Stonewall Estates, Ltd
—

 
822

 
496

 
1,948

 
—

 
280

 
243

 
794

 
—

 
120

 
103

 
347

LM Land Holdings, LP (c)
2,703

 
3,505

 
19,636

 
6,531

 
2,110

 
2,502

 
8,327

 
4,557

 
757

 
836

 
2,746

 
1,481

MRECV DT Holdings LLC
351

 
162

 
939

 
379

 
337

 
157

 
923

 
372

 
303

 
141

 
831

 
334

MRECV Edelweiss LLC/MRECV Lender VIII LLC
293

 
106

 
716

 
287

 
291

 
106

 
713

 
280

 
262

 
96

 
642

 
252

MRECV Juniper Ridge LLC
413

 
151

 
1,023

 
356

 
412

 
151

 
1,022

 
357

 
371

 
135

 
920

 
321

MRECV Meadow Crossing II LLC
253

 
112

 
612

 
141

 
254

 
112

 
612

 
94

 
229

 
101

 
551

 
84

Miramonte Boulder Pass, LLC
2,312

 
1,015

 
4,848

 
1,678

 
105

 
(126
)
 
109

 
(285
)
 
101

 
(63
)
 
(262
)
 
(142
)
Temco Associates, LLC
48

 
77

 
144

 
224

 
21

 
32

 
70

 
111

 
11

 
16

 
35

 
56

Other ventures
—

 
6,520

 
—

 
6,520

 
—

 
2,166

 
—

 
2,109

 
—

 
1,436

 
—

 
1,439

 
$
11,424

 
$
16,531

 
$
57,174

 
$
27,995

 
$
3,170

 
$
4,334

 
$
21,718

 
$
4,435

 
$
1,764

 
$
3,637

 
$
10,873

 
$
3,872


 _____________________
(a) 
Total includes current maturities of $86,206,000 at third quarter-end 2017, of which $81,531,000 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 third quarter-end 2017.
(c) 
Includes unrecognized basis difference of $496,000 which is reflected as an increase of our investment in unconsolidated ventures at third quarter-end 2017. The difference will be amortized as expense over the life of the investment and included in our share of earnings (loss) from the respective venture.