Investments In Unconsolidated Joint Ventures And Entities

9 Months Ended

Sep. 30, 2015

Investments In Unconsolidated Joint Ventures And Entities [Abstract]

Investments In Unconsolidated Joint Ventures and Entities

Note 6 – 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. The table below summarizes our investments in unconsolidated joint ventures and entities as of September 30, 2015 and December 31, 2014:

		September 30,		December 31,
(Dollars in thousands)	Interest	2015		2014
Rialto Distribution	33.3%	$	--	$	--
Rialto Cinemas	50.0%		1,183		1,564
Mt. Gravatt	33.3%		4,058		4,605
Total investments		$	5,241	$	6,169

For the quarter and nine months ended September 30, 2015 and 2014, we recorded our share of equity earnings from our investments in unconsolidated joint ventures and entities as follows:

	Quarter Ended				Nine Months Ended
		September 30,		September 30,		September 30,		September 30,
(Dollars in thousands)		2015		2014		2015		2014
Rialto Distribution	$	93	$	--	$	115	$	13
Rialto Cinemas		(100)		69		35		424
Mt. Gravatt		202		153		765		396
Total equity earnings	$	195	$	222	$	915	$	833