estment in Unconsolidated Entities

The Company's investments in unconsolidated entities accounted for under the equity method consist of the following as of December 31, 2018 and December 31, 2017 (dollar amounts in thousands):



	December 31, 2018				December 31, 2017
Investment Name	Ownership Interest		Carrying Amount		Ownership Interest		Carrying Amount
BBA-EP320 II, LLC, BBA-Ten10 II, LLC, and Lexington on the Green Apartments, LLC (collectively)	45	%	$	8,948	45	%	$	8,320
Somerset Deerfield Investor, LLC	45	%	16,266		—		—
RS SWD Owner, LLC, RS SWD Mitchell Owner, LLC, RS SWD IF Owner, LLC, RS SWD Mullis Owner, LLC, RS SWD JH Mullis Owner, and RS SWD Saltzman Owner, LLC (collectively)	43	%	4,714		—		—
Audubon Mezzanine Holdings, L.L.C. (Series A)	57	%	10,544		—		—
Total - Equity Method			$	40,472			$	8,320

The Company's investments in unconsolidated entities accounted for under the equity method using the fair value option consist of the following as of December 31, 2018 and December 31, 2017 (dollar amounts in thousands):



	December 31, 2018				December 31, 2017
Investment Name	Ownership Interest		Carrying Amount		Ownership Interest		Carrying Amount
Morrocroft Neighborhood Stabilization Fund II, LP	11	%	$	10,954	11	%	$	12,623
Evergreens JV Holdings, LLC	85	%	8,200		85	%	4,220
The Preserve at Port Royal Venture, LLC	77	%	13,840		77	%	13,040
WR Savannah Holdings, LLC ⁽¹⁾	—		—		90	%	12,940
Total - Fair Value Option			$	32,994			$	42,823


⁽¹⁾	The Company's equity investment was redeemed during the year ended December 31, 2018.

The following table presents income from investments in unconsolidated entities for the years ended December 31, 2018, 2017, and 2016 (dollar amounts in thousands):



	For the Years Ended December 31,
Investment Name	2018		2017		2016
Autumnwood Investments LLC ⁽¹⁾	$	—	$	265	$	260
200 RHC Hoover, LLC ⁽²⁾	—		275		1,370
BBA-EP320 II, LLC, BBA-Ten10 II, LLC, and Lexington on the Green Apartments, LLC (collectively)	1,050		996		433
RiverBanc LLC ⁽³⁾	—		—		125
Kiawah River View Investors LLC ("KRVI") ⁽³⁾	—		—		1,250
RB Development Holding Company, LLC ⁽³⁾	—		—		107
RB Multifamily Investors LLC ⁽³⁾	—		—		2,262
Morrocroft Neighborhood Stabilization Fund II, LP	1,131		1,591		910
Evergreens JV Holdings, LLC	4,312		571		199
Bent Tree JV Holdings, LLC ⁽¹⁾	—		1,795		411
Summerchase LR Partners LLC ⁽¹⁾	—		569		380
Lake Mary Realty Partners, LLC ⁽¹⁾	—		2,745		554
The Preserve at Port Royal Venture, LLC	1,778		1,729		834
WR Savannah Holdings, LLC ⁽⁴⁾	1,854		1,386		692
Somerset Deerfield Investor, LLC	251		—		—
RS SWD Owner, LLC RS SWD Mitchell Owner, LLC, RS SWD IF Owner, LLC, RS SWD Mullis Owner, LLC, RS SWD JH Mullis Owner, and RS SWD Saltzman Owner, LLC (collectively)	76		—		—
Audubon Mezzanine Holdings, L.L.C. (Series A)	59		—		—


⁽¹⁾	Includes income recognized from redemption of the Company's investment during the year ended December 31, 2017.


⁽²⁾	On March 31, 2017, the Company reconsidered its evaluation of its variable interest in Riverchase Landing and determined that it became the primary beneficiary of Riverchase Landing. Accordingly, on this date, the Company consolidated Riverchase Landing into its consolidated financial statements (see Note 10).


⁽³⁾	As of May 16, 2016, RiverBanc, RBDHC, and RBMI became wholly-owned subsidiaries of the Company as a result of the Company's acquisition of the remaining ownership interests in those entities held by other unaffiliated entities (see Note 23). Also as of May 16, 2016, the Company consolidated KRVI into its consolidated financial statements (see Note 10).


⁽⁴⁾	Includes income recognized from redemption of the Company's investment during the year ended December 31, 2018.

Summary combined financial information for the Company's investments in unconsolidated entities as of December 31, 2018 and December 31, 2017 and for the years ended December 31, 2018, 2017, and 2016 is shown below (dollar amounts in thousands).



	December 31, 2018		December 31, 2017
Balance Sheets:
Real estate, net	$	479,862	$	332,344
Other assets	37,679		16,223
Total assets	$	517,541	$	348,567

Notes payable, net	$	381,196	$	247,749
Other liabilities	10,546		6,735
Total liabilities	391,742		254,484
Members' equity	125,799		94,083
Total liabilities and members' equity	$	517,541	$	348,567



	For the Years Ended December 31,
	2018			2017			2016
Operating Statements: ⁽¹⁾
Rental revenues	$	37,921		$	37,196		$	26,397
Real estate sales	49,750			92,900			—
Cost of real estate sales	(37,452		)	(55,544		)	—
Other income	1,719			2,906			3,131
Operating expenses	(20,599		)	(21,375		)	(19,227		)
Income before debt service, acquisition costs, and depreciation and amortization	31,339			56,083			10,301
Interest expense	(16,456		)	(16,704		)	(6,149		)
Acquisition costs	(183		)	(432		)	(1,448		)
Depreciation and amortization	(15,176		)	(13,659		)	(15,879		)
Net (loss) income	$	(476	)	$	25,288		$	(13,175	)


⁽¹⁾	The Company records income (loss) from investments in unconsolidated entities under either the equity method of accounting or the fair value option. Accordingly, the combined net (loss) income shown above is not indicative of the income recognized by the Company from investments in unconsolidated entities.