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Investment in Unconsolidated Joint Ventures
 6 Months Ended
Jun. 30, 2016
Equity Method Investments and Joint Ventures [Abstract]  
Investment in Unconsolidated Joint Ventures
Investment in Unconsolidated Joint Ventures
We recorded approximately $1.6 million and $1.7 million (each net of approximately $0.6 million and $0.5 million of depreciation expense, for the six months ended June 30, 2016 and 2015, respectively) of equity in income from unconsolidated joint ventures for each of the six months ended June 30, 2016 and 2015, respectively. We received approximately $1.0 million and $1.2 million in distributions from these joint ventures for the six months ended June 30, 2016 and 2015, respectively.
On January 4, 2016, we contributed approximately $5.0 million to the ECHO Financing, LLC joint venture (the "ECHO JV") which brought our total investment to approximately $15.4 million.
The following table summarizes our investment in unconsolidated joint ventures as of June 30, 2016 and December 31, 2015 (investment amounts in thousands with the number of Properties shown parenthetically):
 
 
 
 
 
 
 
 
Investment as of
 
JV Income (loss) for the
Six Months Ended
Investment
Location
 
 Number of 
Sites
 
Economic
Interest (a)
 
 
June 30,
2016
 
December 31,
2015
 
June 30,
2016
 
June 30,
2015
Meadows
Various (2,2)
 
1,077

 
50
%
 
 
$
139

 
$
162

 
$
577

 
$
742

Lakeshore
Florida (2,2)
 
342

 
65
%
 
 
50

 
46

 
160

 
177

Voyager
Arizona (1,1)
 
1,706

 
50
%
(b) 
 
7,676

 
7,166

 
917

 
740

ECHO JV
Various
 
—

 
50
%
 
 
15,358

 
10,367

 
(8
)
 
65

 
 
 
3,125

 
 
 
 
$
23,223

 
$
17,741

 
$
1,646

 
$
1,724

_____________________
(a)
The percentages shown approximate our economic interest as of June 30, 2016. Our legal ownership interest may differ.
(b)
Voyager joint venture primarily consists of a 50% interest in Voyager RV Resort and 33% interest in the utility plant servicing the Property.