Investments In Unconsolidated Joint Ventures

6 Months Ended

Jun. 30, 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 June 30, 2021 and December 31, 2020:

		June 30,		December 31,
(Dollars in thousands)	Interest	2021		2020
Rialto Cinemas	50.0%	$	1,083	$	1,065
Mt. Gravatt	33.3%		4,029		3,960
Total investments		$	5,112	$	5,025

For the quarter and six months ended June 30, 2021 and 2020, the recognized share of equity earnings from our investments in unconsolidated joint ventures are as follows:

	Quarter Ended				Six Months Ended
	June 30,				June 30,
(Dollars in thousands)	2021		2020		2021		2020
Rialto Cinemas	$	102	$	(95)	$	52	$	(109)
Mt. Gravatt		181		(179)		181		(86)
Total equity earnings	$	283	$	(274)	$	233	$	(195)