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Investment in Unconsolidated Joint Ventures
 12 Months Ended
Dec. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]  
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 for the years ended December 31, 2019 and 2018, respectively): 
 
 
 
 
 
 
 
 
 
 
Investment as of December 31,
 
Income/(Loss) for Years Ended December 31,
Investment
 
Location
 
Number
of Sites
 
Economic Interest (a)
 
 
 
2019
 
2018
 
2019
 
2018
 
2017
Meadows
 
Various (2,2)
 
1,077

 
50
%
 
 
 
$
146

 
$
346

 
$
1,400

 
$
1,839

 
$
2,197

Lakeshore
 
Florida (3,3)
 
721

 
(b) 

 
 
 
2,467

 
2,263

 
263

 
22

 
115

Voyager
 
Arizona (1,1)
 
1,801

 
50
%
 
(c) 
 
599

 
3,135

 
2,951

 
995

 
891

Loggerhead
 
Florida
 
2,343

 
—
%
 
(d) 
 
—

 
35,789

 
3,501

 
1,486

 
230

ECHO JV
 
Various
 
—

 
50
%
 
 
 
16,862

 
16,222

 
640

 
597

 
332

 
 
 
 
5,942

 
 
 
 
 
$
20,074

 
$
57,755

 
$
8,755

 
$
4,939

 
$
3,765

_____________________ 
(a)
The percentages shown approximate our economic interest as of December 31, 2019. Our legal ownership interest may differ.
(b)
Includes two joint ventures in which we own a 65% interest in each and the 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 33% interest in the utility plant servicing this 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.
We recognized $8.8 million, $4.9 million, and $3.8 million (net of $1.2 million, $1.8 million and $1.5 million of depreciation expense, respectively) of equity in income from unconsolidated joint ventures for the years ended December 31, 2019, 2018 and 2017, respectively. We received approximately $11.5 million, $4.5 million and $3.8 million in distributions from joint ventures for the years ended December 31, 2019, 2018 and 2017, respectively. Approximately $3.5 million, $0.2 million and $0.8 million of the distributions made to us exceeded our basis in joint ventures, and as such, were recorded as income from unconsolidated joint ventures for the years ended December 31, 2019, 2018, and 2017 respectively.