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New Valley LLC (Tables)
 6 Months Ended
Jun. 30, 2020
Real Estate [Abstract]  
Investments in real estate ventures

Distributions:

The components of distributions received by New Valley from its investments in real estate ventures were as follows:
 
Six Months Ended
 
June 30,
 
2020
 
2019
Condominium and Mixed Use Development:
 
 
 
            New York City SMSA
$
1,735

 
$
571

            All other U.S. areas
5,214

 
1,279

 
6,949

 
1,850

Apartment Buildings:
 
 
 
            All other U.S. areas
—

 
3

 
—

 
3

Hotels:
 
 
 
            New York City SMSA
—

 
21,572

 
—

 
21,572

Commercial:
 
 
 
            New York City SMSA
3

 
9

            All other U.S. areas
52

 
129

 
55

 
138

 
 
 
 
Other
23

 
1,697

Total distributions
$
7,027

 
$
25,260


The components of “Investments in real estate ventures” were as follows:
 
Range of Ownership (1)
 
June 30, 2020
 
December 31, 2019
Condominium and Mixed Use Development:
 
 
 
 
 
            New York City Standard Metropolitan Statistical Area (“SMSA”)
3.1% - 49.5%
 
$
42,851

 
$
51,078

            All other U.S. areas
15.0% - 77.8%
 
47,172

 
55,842

 
 
 
90,023

 
106,920

Hotels:
 
 
 
 
 
            New York City SMSA
1.0% - 18.4%
 
3,107

 
2,462

            International
49.0%
 
1,610

 
2,161

 
 
 
4,717

 
4,623

Commercial:
 
 
 
 
 
            New York City SMSA
49.0%
 
2,076

 
1,852

            All other U.S. areas
1.6%
 
7,567

 
7,634

 
 
 
9,643

 
9,486

 
 
 
 
 
 
Other:
15.0% - 49.0%
 
10,994

 
10,527

Investments in real estate ventures
 
 
$
115,377

 
$
131,556

______________________
(1) The Range of Ownership reflects New Valley’s estimated current ownership percentage. New Valley’s actual ownership percentage as well as the percentage of earnings and cash distributions may ultimately differ as a result of a number of factors including potential dilution, financing or admission of additional partners.

Contributions:

The components of New Valley’s contributions to its investments in real estate ventures were as follows:
 
Six Months Ended
 
June 30,
 
2020
 
2019
Condominium and Mixed Use Development:
 
 
 
            New York City SMSA
$
1,169

 
$
21,537

            All other U.S. areas
2,161

 
—

 
3,330

 
21,537

Apartment Buildings:
 
 
 
            All other U.S. areas
76

 
—

 
76

 
—

 
 
 
 
Hotels:
 
 
 
            New York City SMSA
—

 
172

 
—

 
172

 
 
 
 
Other:
452

 
199

Total contributions
$
3,858

 
$
21,908



Equity in (Losses) Earnings from Real Estate Ventures:

New Valley recognized equity in (losses) earnings from real estate ventures as follows:
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2020
 
2019
 
2020
 
2019
Condominium and Mixed Use Development:
 
 
 
 
 
 
 
            New York City SMSA
$
(5,104
)
 
$
(1,120
)
 
$
(8,451
)
 
$
(3,226
)
            All other U.S. areas (1)
(6,489
)
 
(2,258
)
 
(9,288
)
 
(2,366
)
 
(11,593
)
 
(3,378
)
 
(17,739
)
 
(5,592
)
Apartment Buildings:
 
 
 
 
 
 
 
            All other U.S. areas
(76
)
 
3

 
(76
)
 
3

 
(76
)
 
3

 
(76
)
 
3

Hotels:
 
 
 
 
 
 
 
            New York City SMSA (1)
(542
)
 
8,942

 
(649
)
 
8,234

            International
(90
)
 
122

 
(551
)
 
(364
)
 
(632
)
 
9,064

 
(1,200
)
 
7,870

Commercial:
 
 
 
 
 
 
 
            New York City SMSA
301

 
384

 
227

 
263

            All other U.S. areas
(264
)
 
79

 
(15
)
 
371

 
37

 
463

 
212

 
634

 
 
 
 
 
 
 
 
Other:
4

 
239

 
38

 
1,037

Equity in (losses) earnings from real estate ventures
$
(12,260
)
 
$
6,391

 
$
(18,765
)
 
$
3,952


______________________
(1) The Company recognized a liability, classified in Other current liabilities, of $2,498 as a result of recording equity in losses in excess of the joint ventures' carrying value.

ondominium and Mixed Use Development:
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2020
 
2019
 
2020
 
2019
Income Statement
 
 
 
 
 
 
 
Revenue
$
1,830

 
$
—

 
$
33,409

 
$
—

Cost of goods sold
—

 
—

 
22,100

 
—

Other expenses
14,013

 
6

 
31,926

 
75

Loss from continuing operations
$
(12,183
)
 
$
(6
)
 
$
(20,617
)
 
$
(75
)

aximum Exposure to Loss:

New Valley’s maximum exposure to loss from its investments in real estate ventures consisted of the net carrying value of the venture adjusted for any future capital commitments and/or guarantee arrangements. The maximum exposure to loss was as follows:
 
June 30, 2020
Condominium and Mixed Use Development:
 
            New York City SMSA
$
42,851

            All other U.S. areas
47,172

 
90,023

Hotels:
 
            New York City SMSA
3,107

            International
1,610

 
4,717

Commercial:
 
            New York City SMSA
2,076

            All other U.S. areas
7,567

 
9,643

 
 
Other:
24,641

Total maximum exposure to loss
$
129,024
Investments in real estate, net nvestments in Real Estate, net:

The components of “Investments in real estate, net” were as follows:
 
June 30,
2020
 
December 31,
2019
Escena, net
$
9,852

 
$
9,972

Sagaponack
19,024

 
18,345

            Investments in real estate, net
$
28,876

 
$
28,317


Escena.  The assets of “Escena, net” were as follows:
 
June 30,
2020
 
December 31,
2019
Land and land improvements
$
8,911

 
$
8,910

Building and building improvements
1,926

 
1,926

Other
1,673

 
1,659

 
12,510

 
12,495

Less accumulated depreciation
(2,658
)
 
(2,523
)
 
$
9,852

 
$
9,972