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Investment in Unconsolidated Joint Ventures
3 Months Ended
Mar. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]  
Investment in Unconsolidated Joint Ventures
Investment in Unconsolidated Joint Ventures
The following table summarizes our investment in unconsolidated joint ventures (investment amounts in thousands with the number of Properties shown parenthetically as of March 31, 2018 and December 31, 2017):
 
 
 
 
 
 
 
 
 
Investment as of
 
Joint Venture Income/(Loss) for the
Three Months Ended
Investment
 
Location
 
 Number of 
Sites (a)
 
Economic
Interest
(b)
 
 
March 31,
2018
 
December 31,
2017
 
March 31,
2018
 
March 31,
2017
Meadows
 
Various (2,2)
 
1,077

 
50
%
 
 
$
425

 
$
307

 
$
418

 
$
548

Lakeshore
 
Florida (3,2)
 
720

 
(c)

 
 
2,484

 
2,530

 
45

 
77

Voyager
 
Arizona (1,1)
 
1,801

 
50
%
(d) 
 
3,591

 
3,205

 
571

 
500

Loggerhead
 
Florida
 
2,343

 
49
%
 
 
35,205

 
31,414

 

 

ECHO JV
 
Various
 

 
50
%
 
 
15,786

 
15,624

 
161

 
25

 
 
 
 
5,941

 
 
 
 
$
57,491

 
$
53,080

 
$
1,195

 
$
1,150

_____________________
(a)
Loggerhead sites represent marina slip count.
(b)
The percentages shown approximate our economic interest as of March 31, 2018. Our legal ownership interest may differ.
(c)
Includes two joint ventures in which we own a 65% interest and Crosswinds joint venture in which we own a 49% interest.
(d)
Voyager joint venture primarily consists of a 50% interest in Voyager RV Resort and 33% interest in the utility plant servicing the Property.
On March 29, 2018, the Crosswinds joint venture repaid a a short-term loan to us in the amount of $13.8 million. We provided the loan to Crosswinds in conjunction with the formation of the joint venture in June 2017.

We received approximately $0.5 million and $1.1 million in distributions from these joint ventures for the three months ended March 31, 2018 and 2017, respectively. None of the distributions made to us exceeded our basis in joint ventures for the three months ended March 31, 2018. 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.