Investment in Unconsolidated Joint Ventures

6 Months Ended

Jun. 30, 2021

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 as of June 30, 2021 and December 31, 2020, respectively):

						Investment as of				Income/(Loss) for Years Ended
Investment	Location	Number of Sites	Economic Interest (a)			June 30, 2021		December 31, 2020		June 30, 2021		June 30, 2020
Meadows	Various (2,2)	1,077	50	%		$	—	$	—	$	1,050	$	854
Lakeshore	Florida (3,3)	721	(b)			2,706		2,281		286		180
Voyager	Arizona (1,1)	1,801	50	%	(c)	121		83		293		(5)
ECHO JV	Various	—	50	%		17,669		17,362		307		242
		3,599				$	20,496	$	19,726	$	1,936	$	1,271

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(a)The percentages shown approximate our economic interest as of June 30, 2021. Our legal ownership interest may differ.

(b)Includes two joint ventures in which we own a 65% interest and the Crosswinds joint venture in which we own a 49% interest.

(c)Primarily consists of a 50% interest in Voyager RV Resort and a 33% interest in the utility plant servicing this Property.

We received approximately $1.7 million and $1.5 million in distributions from our unconsolidated joint ventures for the six months ended June 30, 2021 and 2020, respectively. Approximately $1.5 million and $1.0 million of the distributions made to us exceeded our basis in our unconsolidated joint ventures for the six months ended June 30, 2021 and 2020, respectively, and as such, were recorded as income from unconsolidated joint ventures.