Investments In Unconsolidated Joint Ventures

3 Months Ended

Mar. 31, 2023

Investments In Unconsolidated Joint Ventures [Abstract]

Investments In Unconsolidated Joint Ventures

Note 9 – 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, 2023, and December 31, 2022:

		March 31,		December 31,
(Dollars in thousands)	Interest	2023		2022
Rialto Cinemas	50.0%	$	870	$	920
Mt. Gravatt	33.3%		3,837		3,836
Total investments		$	4,707	$	4,756

For the quarter ended March 31, 2023 and 2022, the recognized share of equity earnings from our investments in unconsolidated joint ventures are as follows:

	Three Months Ended
	March 31,
(Dollars in thousands)	2023		2022
Rialto Cinemas	$	(41)	$	(85)
Mt. Gravatt		60		20
Total equity earnings	$	19	$	(65)