Investments In Unconsolidated Joint Ventures And Entities

6 Months Ended

Jun. 30, 2016

Investments In And Advances To Unconsolidated Joint Ventures And Entities [Abstract]

Investments In And Advances To 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 June 30, 2016 and December 31, 2015:

		June 30,		December 31,
(Dollars in thousands)	Interest	2016		2015
Rialto Distribution	33.3%	$	--	$	--
Rialto Cinemas	50.0%		1,299		1,276
Mt. Gravatt	33.3%		4,111		4,094
Total investments		$	5,410	$	5,370

For the quarter and six months ended June 30, 2016 and 2015, we recorded our share of equity earnings from our investments in unconsolidated joint ventures and entities as follows:

	Quarter Ended				Six Months Ended
		June 30,		June 30,		June 30,		June 30,
(Dollars in thousands)		2016		2015		2016		2015
Rialto Distribution	$	--	$	22	$	--	$	22
Rialto Cinemas		84		63		160		135
Mt. Gravatt		221		398		448		563
Total equity earnings	$	305	$	483	$	608	$	720