XML 37 R23.htm IDEA: XBRL DOCUMENT v3.19.3
Investment in Unconsolidated Joint Ventures (Tables)
 9 Months Ended
Sep. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of our 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 September 30, 2019 and December 31, 2018, respectively):
 
 
 
 
 
 
 
 
Investment as of
 
Income/(Loss) for
Nine Months Ended
Investment
 
Location
 
 Number of Sites
 
Economic
Interest (a)
 
September 30,
2019
 
December 31,
2018
 
September 30,
2019
 
September 30,
2018
Meadows
 
Various (2,2)
 
1,077

 
50
%
 
$
246

 
$
346

 
$
1,200

 
$
1,252

Lakeshore
 
Florida (3,3)
 
720

 
(b)

 
2,553

 
2,263

 
183

 
(62
)
Voyager
 
Arizona (1,1)
 
1,801

 
50
%
(c) 
863

 
3,135

 
2,938

 
866

Loggerhead
 
Florida
 
2,343

 
49
%
(d) 
—

 
35,789

 
3,501

 
1,089

ECHO JV
 
Various
 
—

 
50
%
 
16,677

 
16,222

 
455

 
451

 
 
 
 
5,941

 
 
 
$
20,339

 
$
57,755

 
$
8,277

 
$
3,596

_____________________
(a)
The percentages shown approximate our economic interest as of September 30, 2019 (see note (d) below on Loggerhead). Our legal ownership interest may differ.
(b)
Includes two joint ventures in which we own a 65% interest and Crosswinds joint venture in which we own a 49% interest.
(c)
Voyager joint venture primarily consists of a 50% interest in Voyager RV Resort and a 33% interest in the utility plant servicing the Property.
(d)
On September 10, 2019, we completed the acquisition of the remaining interest in the Loggerhead joint venture (see Note 6. Investment in Real Estate). Loggerhead sites represent marina slip count.