Investments in Unconsolidated Entities

6 Months Ended

Jun. 30, 2017

Investments in Unconsolidated Entities

Investments in Unconsolidated Entities

Note 4 - Investments in Unconsolidated Entities

We participate in entities with equity interests ranging from 20% to 58% for the purpose of acquiring and/or developing land. We determine the method for accounting for our investment at inception or upon a reconsideration event.

We share in the profits and losses of unconsolidated entities generally in accordance with our ownership interests. We and our equity partners typically make initial and ongoing capital contributions to these unconsolidated entities on a pro-rata basis. The obligation to make capital contributions is governed by each unconsolidated entity’s respective operating agreement or other governing documents. We made contributions totaling less than $0.1 million to our unconsolidated entities during the three and six months ended June 30, 2017 and 2016. The balance of our investments in unconsolidated entities was $1.2 million as of June 30, 2017 and December 31, 2016.