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UNCONSOLIDATED JOINT VENTURE
12 Months Ended
Dec. 31, 2020
Equity Method Investments and Joint Ventures [Abstract]  
UNCONSOLIDATED JOINT VENTURE UNCONSOLIDATED JOINT VENTURE
The Company accounts for its interest in its title insurance joint venture using the equity method of accounting and adjusts the carrying value for its proportionate share of earnings, losses and distributions. The investment in the unconsolidated joint venture was $29.0 thousand and $125.0 thousand as of December 31, 2020 and 2019, respectively, and is included within ‘Prepaid and other assets, net’ in the accompanying Consolidated Balance Sheets. Earnings for the years ended December 31, 2020 and 2019, from this unconsolidated joint venture of $33 thousand and $222 thousand, respectively, is included in ‘Other income, net’ in the accompanying Consolidated Statement of Operations. During the years ended December 31, 2020 and 2019, the Company collected and recorded a distribution of $130 thousand and $172 thousand, respectively, from this joint venture as a return on investment.
Summarized financial information for the unconsolidated joint venture is as follows:
Years ended December 31,
20202019
Statement of Operations:
Total net revenue
$185 $558 
Total expenses
119 115 
Net income
$66 $443 
Comstock Holding Companies, Inc. share of net income
$33 $222