Investments In Unconsolidated Joint Ventures And Entities

9 Months Ended

Sep. 30, 2014

Investments In Unconsolidated Joint Ventures And Entities [Abstract]

Investments In Unconsolidated Joint Ventures and Entities

Note 7 – Investments in Unconsolidated Joint Ventures and Entities

Our investments in unconsolidated joint ventures and entities are accounted for under the equity method of accounting except for Rialto Distribution, which is accounted for as a cost method investment, and, as of September 30, 2014 and December 31, 2013, included the following (dollars in thousands):

			September 30,		December 31,
	Interest		2014		2013
Rialto Distribution	33.3%	$	--	$	--
Rialto Cinemas	50.0%		1,679		1,571
205-209 East 57th Street Associates, LLC	25.0%		--		--
Mt. Gravatt	33.3%		4,863		5,164
Total investments		$	6,542	$	6,735

For the three and nine months ended September 30, 2014 and 2013, we recorded our share of equity earnings from our investments in unconsolidated joint ventures and entities as follows (dollars in thousands):

		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2014		2013		2014		2013
Rialto Distribution	$	--	$	97	$	13	$	137
Rialto Cinemas		69		3		424		71
205-209 East 57th Street Associates, LLC		--		--		--		(1)
Mt. Gravatt		153		125		396		798
Total equity earnings	$	222	$	225	$	833	$	1,005