Investments In Unconsolidated Joint Ventures And Entities

6 Months Ended

Jun. 30, 2015

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 June 30, 2015 and December 31, 2014, included the following (dollars in thousands):

			June 30,		December 31,
	Interest		2015		2014
Rialto Distribution	33.3%	$	--	$	--
Rialto Cinemas	50.0%		1,347		1,564
Mt. Gravatt	33.3%		4,239		4,605
Total investments		$	5,586	$	6,169

For the three months and six months ended June 30, 2015 and 2014, we recorded our share of equity earnings from our investments in unconsolidated joint ventures and entities as follows (dollars in thousands):

		Quarter Ended				Six Months Ended
		June 30,		June 30,		June 30,		June 30,
		2015		2014		2015		2014
Rialto Distribution	$	22	$	13	$	22	$	13
Rialto Cinemas		63		217		135		355
Mt. Gravatt		398		71		563		243
Total equity earnings	$	483	$	301	$	720	$	611