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Investment in Unconsolidated Joint Ventures
12 Months Ended
Dec. 31, 2020
Equity Method Investments and Joint Ventures [Abstract]  
Investment in Unconsolidated Joint Ventures
The following table summarizes our investment in unconsolidated joint ventures (investment amounts in thousands with the number of Properties shown parenthetically for the years ended December 31, 2020 and 2019, respectively):
     Investment as of December 31,Income/(Loss) for Years Ended December 31,
InvestmentLocationNumber
of Sites
Economic Interest (a)
 20202019202020192018
MeadowsVarious (2,2)1,077 50 %$— $146 $1,879 $1,400 $1,839 
LakeshoreFlorida (3,3)721 
(b)
2,281 2,467 1,405 263 22 
VoyagerArizona (1,1)1,801 50 %
(c)
83 599 1,616 2,951 995 
LoggerheadFlorida2,343 — %
(d)
— — — 3,501 1,486 
ECHO JVVarious — 50 %17,362 16,862 499 640 597 
5,942 $19,726 $20,074 $5,399 $8,755 $4,939 
_____________________ 
(a)The percentages shown approximate our economic interest as of December 31, 2020. Our legal ownership interest may differ.
(b)Includes two joint ventures in which we own a 65% interest in each and the Crosswinds joint venture in which we own a 49% interest.
(c)Voyager joint venture primarily consists of a 50% interest in Voyager RV Resort and 33% interest in the utility plant servicing this Property.
(d)On September 10, 2019, we completed the acquisition of the remaining interest in the Loggerhead joint venture (see Note 6. Investment in Real Estate). Loggerhead sites represent marina slip count.
We recognized $5.4 million, $8.8 million, and $4.9 million (net of $0.7 million, $1.2 million and $1.8 million of depreciation expense, respectively) of equity in income from unconsolidated joint ventures for the years ended December 31, 2020, 2019 and 2018, respectively. We received approximately $5.7 million, $11.5 million and $4.5 million in distributions from joint ventures for the years ended December 31, 2020, 2019 and 2018, respectively. Approximately $4.8 million, $3.5 million and $0.2 million of the distributions made to us exceeded our basis in joint ventures, and as such, were recorded as income from unconsolidated joint ventures for the years ended December 31, 2020, 2019, and 2018 respectively.