XML 49 R34.htm IDEA: XBRL DOCUMENT v3.22.0.1
Investments, Equity Method and Joint Ventures (Tables)
 12 Months Ended
Dec. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]  
Investments in and Advances to Affiliates
The investment balance in each nonconsolidated affiliate is as follows (in thousands):

Year Ended
InvestmentDecember 31, 2021December 31, 2020
Investment in RezPlot$115 $3,047 
Investment in Sungenia JV36,221 26,890 
Investment in GTSC35,719 25,495 
Investment in OFS239 152 
Investment in SV Lift2,840 3,490 
Total$75,134 $59,074 
The income / (loss) from each nonconsolidated affiliate is as follows (in thousands):

Year Ended
Equity incomeDecember 31, 2021December 31, 2020December 31, 2019
RezPlot equity loss$(2,932)$(1,887)$(1,344)
Sungenia JV equity income / (loss)1,832 338 (290)
GTSC equity income6,153 3,944 2,803 
OFS equity income180 148 205 
SV Lift equity loss(1,241)(803)— 
Total equity income$3,992 $1,740 $1,374 
The change in the GTSC investment balance is as follows (in thousands):

Year Ended
December 31, 2021December 31, 2020
Beginning balance $25,495 $18,488 
Initial fair value option adjustment
— 317 
Contributions27,254 19,030 
Distributions(23,023)(14,676)
Equity earnings6,153 3,944 
Fair value adjustment(160)(1,608)
Ending Balance$35,719 $25,495 


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

Year Ended
December 31, 2021December 31, 2020
Beginning balance $26,890 $11,995 
Cumulative translation adjustment(1,545)2,180 
Contributions9,044 12,377 
Equity earnings1,832 338 
Ending Balance$36,221 $26,890