Investments In Unconsolidated Joint Ventures And Entities

3 Months Ended

Mar. 31, 2014

Investments In Unconsolidated Joint Ventures And Entities [Abstract]

Investments In Unconsolidated Joint Ventures and Entities

Note 7 – Investments in Unconsolidated Joint Ventures and Entities

Our investments in unconsolidated joint ventures and entities are accounted for under the equity method of accounting except for Rialto Distribution, which is accounted for as a cost method investment, and, as of March 31, 2014 and December 31, 2013, included the following (dollars in thousands):

	Interest		March 31, 2014		December 31, 2013
Rialto Distribution	33.3%	$	--	$	--
Rialto Cinemas	50.0%		1,801		1,571
205-209 East 57th Street Associates, LLC	25.0%		--		--
Mt. Gravatt	33.3%		5,311		5,164
Total investments		$	7,112	$	6,735

For the three months ended March 31, 2014 and March 31, 2013, we recorded our share of equity earnings from our investments in unconsolidated joint ventures and entities as follows (dollars in thousands):

		Three Months Ended March 31,
		2014		2013
Rialto Distribution	$	--	$	21
Rialto Cinemas		138		27
205-209 East 57th Street Associates, LLC		--		(1)
Mt. Gravatt		172		300
Total equity earnings	$	310	$	347