Investment in Unconsolidated Joint Ventures

3 Months Ended

Mar. 31, 2017

Equity Method Investments and Joint Ventures [Abstract]

Investment in Unconsolidated Joint Ventures

The following table summarizes our investment in unconsolidated joint ventures for the quarters ended March 31, 2017 and December 31, 2016 (investment amounts in thousands with the number of Properties shown parenthetically as of March 31, 2017 and December 31, 2016):



						Investment as of				Joint Venture Income for the Quarters Ended
Investment	Location	Number of Sites	Economic Interest ^(a)			March 31, 2017		December 31, 2016		March 31, 2017		March 31, 2016
Meadows	Various (2,2)	1,077	50	%		$	208	$	510	$	548	$	246
Lakeshore	Florida (2,2)	344	65	%		59		56		77		83
Voyager	Arizona (1,1)	1,801	50	%	^(b)	3,602		3,376		500		539
ECHO JV	Various	—	50	%		15,318		15,427		25		13
		3,222				$	19,187	$	19,369	$	1,150	$	881

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(a)	The percentages shown approximate our economic interest as of March 31, 2017. 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.

We received approximately $1.1 million and $0.6 million in distributions from these joint ventures for the quarters ended March 31, 2017 and 2016, respectively. Approximately $0.2 million of the distributions made to us exceeded our basis in joint ventures for the three months ended March 31, 2017, and as such were recorded as income from unconsolidated joint ventures. None of the distributions made to us exceeded our basis in joint ventures for the quarter ended March 31, 2016.