Investments In Unconsolidated Joint Ventures

3 Months Ended

Mar. 31, 2021

Investments In Unconsolidated Joint Ventures [Abstract]

Investments In Unconsolidated Joint Ventures

Note 7 – Investments in Unconsolidated Joint Ventures

Our investments in unconsolidated joint ventures are accounted for under the equity method of accounting.

The table below summarizes our active investment holdings in two (2) unconsolidated joint ventures as of March 31, 2021 and December 31, 2020:

		March 31,		December 31,
(Dollars in thousands)	Interest	2021		2020
Rialto Cinemas	50.0%	$	984	$	1,065
Mt. Gravatt	33.3%		3,912		3,960
Total investments		$	4,896	$	5,025

For the quarter ended March 31, 2021 and 2020, the recognized share of equity earnings from our investments in unconsolidated joint ventures are as follows:

	Three Months Ended
	March 31,
(Dollars in thousands)	2021		2020
Rialto Cinemas	$	(51)	$	(14)
Mt. Gravatt		1		92
Total equity earnings	$	(50)	$	78