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Investment In Affiliates
 6 Months Ended
Jun. 30, 2021
Equity Method Investments and Joint Ventures [Abstract]  
Investment In Affiliates Investment in Nonconsolidated Affiliates
Investments in joint ventures that are not consolidated, nor recorded at cost, are accounted for using the equity method of accounting as prescribed in ASC Topic 323, "Investments - Equity Method and Joint Ventures." Investments in nonconsolidated affiliates are recorded within Other assets, net on the Consolidated Balance Sheets. Equity income and loss are recorded in the Income from nonconsolidated affiliates line item on the Consolidated Statements of Operations.

RezPlot Systems LLC ("Rezplot")
At June 30, 2021 and December 31, 2020, we had a 50 percent ownership interest in RezPlot, a RV reservation software technology company, which interest we acquired in January 2019.

Sungenia joint venture ("Sungenia JV")
At June 30, 2021 and December 31, 2020, we had a 50 percent ownership interest in Sungenia JV, a joint venture formed between us and Ingenia Communities Group in November 2018, to establish and grow a manufactured housing community development program in Australia.

GTSC LLC ("GTSC")
At June 30, 2021 and December 31, 2020, we had a 40 percent ownership interest in GTSC, which engages in acquiring, holding and selling loans secured, directly or indirectly, by manufactured homes located in our communities.

Origen Financial Services, LLC ("OFS")
At June 30, 2021 and December 31, 2020, we had a 22.9 percent ownership interest in OFS, an end-to-end online resident screening and document management suite.

SV Lift, LLC ("SV Lift")
At June 30, 2021 and December 31, 2020, we had a 50 percent ownership interest in SV Lift, which owns, operates and leases an aircraft.
The investment balance in each nonconsolidated affiliate is as follows (in thousands):

Six Months EndedYear Ended
InvestmentJune 30, 2021December 31, 2020
Investment in RezPlot$2,091 $3,047 
Investment in Sungenia JV27,071 26,890 
Investment in GTSC 29,677 25,495 
Investment in OFS278 152 
Investment in SV Lift3,203 3,490 
Total$62,320 $59,074 

The income / (loss) from each nonconsolidated affiliate is as follows (in thousands):

Three Months EndedSix Months Ended
Income / (Loss) from Nonconsolidated AffiliatesJune 30, 2021June 30, 2020June 30, 2021June 30, 2020
RezPlot equity loss$(469)$(654)$(956)$(1,154)
Sungenia JV equity income75 262 809 147 
GTSC equity income1,416 700 2,597 1,460 
OFS equity income97 42 126 80 
SV Lift equity loss(325)(258)(611)(389)
Total Income from Nonconsolidated Affiliates$794 $92 $1,965 $144 

The change in the GTSC investment balance is as follows (in thousands):

Six Months Ended Year Ended
June 30, 2021December 31, 2020
Beginning balance $25,495 $18,488 
Initial fair value option adjustment
— 317 
Contributions10,876 19,030 
Distributions(9,280)(14,676)
Equity earnings2,597 3,944 
Fair value adjustment(11)(1,608)
Ending Balance$29,677 $25,495 

The change in the Sungenia JV investment balance is as follows (in thousands):

Six Months Ended Year Ended
June 30, 2021December 31, 2020
Beginning balance $26,890 $11,995 
Cumulative translation adjustment(628)2,180 
Contributions— 12,377 
Equity earnings809 338 
Ending Balance$27,071 $26,890