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Investment in Unconsolidated Ventures (Tables)
 12 Months Ended
Dec. 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
 
At Year-End
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
(In thousands)
242, LLC (b) (e)
$
19,525

 
$
26,503

 
$
—

 
$
1,107

 
$
19,357

 
$
23,136

 
$
9,131

 
$
10,934

CL Ashton Woods, LP (c)
124

 
2,653

 
—

 
—

 
104

 
2,198

 
83

 
1,107

CL Realty, LLC
4,528

 
8,048

 
—

 
—

 
4,344

 
7,899

 
2,172

 
3,950

CREA FMF Nashville LLC (b)
2,315

 
56,081

 
—

 
37,446

 
684

 
17,091

 
342

 
4,923

Elan 99, LLC (e)
49,080

 
49,652

 
36,348

 
36,238

 
11,204

 
13,100

 
10,078

 
11,790

FMF Littleton LLC
66,849

 
70,282

 
45,836

 
44,446

 
20,289

 
23,798

 
5,144

 
6,128

FMF Peakview LLC
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

FOR/SR Forsyth LLC
11,598

 
10,672

 
1,551

 
1,568

 
10,041

 
8,990

 
9,037

 
8,091

HM Stonewall Estates, Ltd
—

 
852

 
—

 
—

 
—

 
852

 
—

 
477

LM Land Holdings, LP (c)
19,479

 
25,538

 
—

 
3,477

 
12,074

 
20,945

 
5,935

 
9,685

MRECV DT Holdings LLC (e)
3,043

 
4,155

 
—

 
—

 
3,043

 
4,144

 
2,594

 
3,729

MRECV Edelweiss LLC/MRECV Lender VIII LLC (e)
8,127

 
3,484

 
—

 
—

 
8,127

 
3,484

 
7,189

 
3,358

MRECV Juniper Ridge LLC (e)
3,936

 
4,156

 
—

 
—

 
3,936

 
4,156

 
3,331

 
3,741

MRECV Meadow Crossing II LLC (e)
3,129

 
2,492

 
—

 
—

 
3,129

 
2,491

 
2,738

 
2,242

Miramonte Boulder Pass, LLC (e)
7,573

 
10,738

 
1,398

 
4,006

 
4,843

 
5,265

 
4,633

 
5,330

Temco Associates, LLC
4,448

 
4,368

 
—

 
—

 
4,345

 
4,253

 
2,172

 
2,126

Other ventures
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
$
203,754

 
$
279,674

 
$
85,133

 
$
128,288

 
$
105,520

 
$
141,802

 
$
64,579

 
$
77,611
Summarized Income Statement Information
Combined summarized income statement information for our ventures accounted for using the equity method follows:
 
Revenues
 
Earnings (Loss)
 
Our Share of Earnings (Loss)
 
For the Year
 
2017
 
2016
 
2015
 
2017
 
2016
 
2015
 
2017
 
2016
 
2015
 
(In thousands)
242, LLC (b) (e)
$
13,073

 
$
5,835

 
$
20,995

 
$
8,021

 
$
1,259

 
$
9,588

 
$
4,096

 
$
668

 
$
4,919

CL Ashton Woods, LP
3,179

 
2,870

 
9,820

 
1,456

 
914

 
3,881

 
1,816

 
1,332

 
5,000

CL Realty, LLC
499

 
567

 
856

 
(1,155
)
 
237

 
424

 
(578
)
 
119

 
212

CREA FMF Nashville LLC (b) (d)
5,440

 
4,955

 
1,227

 
17,267

 
(1,420
)
 
(1,696
)
 
7,563

 
1,103

 
(1,696
)
Elan 99, LLC (e)
4,596

 
1,392

 
—

 
(1,896
)
 
(2,739
)
 
(49
)
 
(1,712
)
 
(2,465
)
 
(44
)
FMF Littleton LLC
6,366

 
3,116

 
120

 
192

 
(571
)
 
(367
)
 
48

 
(143
)
 
(92
)
FMF Peakview LLC
—

 
939

 
2,057

 
—

 
(248
)
 
(1,116
)
 
—

 
(50
)
 
(223
)
FOR/SR Forsyth LLC
—

 
—

 
—

 
(148
)
 
(65
)
 
—

 
(134
)
 
(58
)
 
—

HM Stonewall Estates, Ltd.
496

 
2,112

 
3,990

 
243

 
832

 
1,881

 
103

 
361

 
952

LM Land Holdings, LP (c)
22,127

 
10,001

 
10,956

 
10,629

 
7,288

 
8,251

 
3,563

 
2,458

 
3,342

MRECV DT Holdings LLC (e)
1,196

 
495

 
—

 
1,173

 
477

 
167

 
911

 
429

 
—

MRECV Edelweiss LLC/MRECV Lender VIII LLC (e)
1,018

 
416

 
—

 
1,016

 
409

 
151

 
789

 
368

 
137

MRECV Juniper Ridge LLC (e)
1,445

 
379

 
—

 
1,445

 
380

 
106

 
1,089

 
342

 
—

MRECV Meadow Crossing II LLC (e)
638

 
267

 
—

 
638

 
220

 
—

 
496

 
198

 
—

Miramonte Boulder Pass, LLC (e)
5,483

 
4,923

 
—

 
177

 
(399
)
 
(250
)
 
(197
)
 
(200
)
 
(125
)
PSW Communities, LP
—

 
—

 
29,986

 
—

 
—

 
2,688

 
—

 
—

 
1,169

TEMCO Associates, LLC
192

 
1,344

 
9,485

 
92

 
440

 
2,358

 
46

 
220

 
1,179

Other ventures
—

 
6,519

 
36,237

 
—

 
2,105

 
33,303

 
—

 
1,441

 
1,278

 
$
65,748

 
$
46,130

 
$
125,729

 
$
39,150

 
$
9,119

 
$
59,320

 
$
17,899

 
$
6,123

 
$
16,008

_____________________
(a) 
Total includes current maturities of $84,098,000 at year-end 2017, of which $79,515,000 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 contributed by us to ventures. We recognize deferred gains as income as real estate is sold to third parties. Deferred gains of $548,000 are reflected as a reduction to our investment in unconsolidated ventures at year-end 2017.
(c) 
Includes unrecognized basis difference of $448,000 which is reflected as an increase of our investment in unconsolidated ventures at year-end 2017. This difference will be amortized as expense over the life of the investment and included in our share of earnings (loss) from the respective venture.
(d) 
Our share of venture earnings in 2016 includes reallocation of prior year cumulative losses incurred by the venture as a result of equity contribution by the venture partner in 2016 in accordance with the partnership agreement.
(e) 
Included in our strategic asset sale to Starwood on February 8, 2018. Please read Note 22 - Subsequent Event for additional information regarding this transaction.