On November 1, 2016, we acquired a 50% ownership interest in WJH LLC, which is the successor to Wade Jurney Homes, Inc. and Wade Jurney of Florida, Inc., for $15.0 million. As a result of the transaction, we subsequently owned 50% of WJH and Wade Jurney Jr., an individual, owned the other 50% interest. Each party contributed an additional $3.0 million in capital to WJH upon its formation. The Company and Wade Jurney Jr. shared responsibility for all of WJH’s strategic decisions, with Wade Jurney Jr. continuing to manage the day-to-day operations under the existing operating model. Our investment in WJH was treated as an unconsolidated investment under the equity method of accounting. On June 14, 2018, we acquired the remaining 50% ownership interest in WJH for $37.5 million, whereby WJH became a 100% owned subsidiary of the Company.

For the period from January 1, 2018 through June 14, 2018, we recognized $14.8 million of equity in income of unconsolidated subsidiaries, and received $7.4 million in in operating distributions. During the year ended December 31, 2017, we recognized $12.2 million of equity in income of unconsolidated subsidiaries, made capital contributions totaling $3.0 million and received operating distributions from WJH of $5.2 million.

The following table provides unaudited selected financial information for WJH for the year ended December 31, 2017 (in thousands):



	December 31, 2017 (unaudited)
Homebuilding revenues	$	271,653
Income before income tax expense	$	26,185