Investments In Unconsolidated Joint Ventures

9 Months Ended

Sep. 30, 2020

Investments In Unconsolidated Joint Ventures [Abstract]

Investments In Unconsolidated Joint Ventures

Note 7 – Investments in Unconsolidated Joint Ventures

Our investments in unconsolidated joint ventures are accounted for under the equity method of accounting.

The table below summarizes our active investment holdings in two (2) unconsolidated joint ventures as of September 30, 2020 and December 31, 2019:

		September 30,		December 31,
(Dollars in thousands)	Interest	2020		2019
Rialto Cinemas	50.0%	$	1,043	$	1,175
Mt. Gravatt	33.3%		3,764		3,894
Total investments		$	4,807	$	5,069

For the quarter and nine months ended September 30, 2020 and 2019, the recognized share of equity earnings from our investments in unconsolidated joint ventures are as follows:

	Quarter Ended				Nine Months Ended
	September 30,				September 30,
(Dollars in thousands)	2020		2019		2020		2019
Rialto Cinemas	$	(24)	$	64	$	(132)	$	78
Mt. Gravatt		(73)		156		(160)		503
Total equity earnings	$	(97)	$	220	$	(292)	$	581