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Investment in Joint Ventures | 6 Months Ended
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Jun. 30, 2015
Equity Method Investments and Joint Ventures [Abstract] |
Investment in Unconsolidated Joint Ventures | Investment in Unconsolidated Joint Ventures We recorded approximately $1.7 million and $2.5 million (each net of approximately $0.5 million of depreciation expense) of equity in income from unconsolidated joint ventures for each of the six months ended June 30, 2015 and 2014, respectively. We received approximately $1.2 million and $1.7 million in distributions from these joint ventures for the six months ended June 30, 2015 and 2014, respectively. Approximately $1.1 million of the distributions made to us, using proceeds generated by a refinancing transaction, exceeded our basis in a joint venture and as such, were recorded as income from unconsolidated joint ventures for the six months ended June 30, 2014. On February 12, 2015, we contributed approximately $4.0 million to the ECHO JV, which brought our total investment in the ECHO joint venture to approximately $10.0 million The following table summarizes our investment in unconsolidated joint ventures as of June 30, 2015 and December 31, 2014 (investment amounts in thousands with the number of Properties shown parenthetically):
|  |  |  |  |  |  |  | Investment as of |  | JV Income for the Six Months Ended
Investment | Location |  | Number of Sites |  | Economic Interest (a) |  |  | June 30, 2015 |  | December 31, 2014 |  | June 30, 2015 |  | June 30, 2014
Meadows | Various (2,2) |  | 1,077 |  |  | 50 | % |  |  | $ | 178 |  |  | $ | — |  |  | $ | 742 |  |  | $ | 600 |
Lakeshore | Florida (2,2) |  | 342 |  |  | 65 | % |  |  | 73 |  |  | 9 |  |  | 177 |  |  | 1,213 |
Voyager | Arizona (1,1) |  | 1,706 |  |  | 50 | % | (b) |  | 7,345 |  |  | 7,201 |  |  | 740 |  |  | 700 |
ECHO JV | Various |  | — |  |  | 50 | % |  |  | 10,367 |  |  | 6,302 |  |  | 65 |  |  | 18 |
|  |  | 3,125 |  |  |  |  |  | $ | 17,963 |  |  | $ | 13,512 |  |  | $ | 1,724 |  |  | $ | 2,531 |
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(a) | The percentages shown approximate our economic interest as of June 30, 2015. Our legal ownership interest may differ.
(b) | Voyager joint venture primarily consists of a 50% interest in Voyager RV Resort and 33% interest in the utility plant servicing the Property.

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=35687916&loc=d3e32847-111569 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.12) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=35687916&loc=d3e32787-111569 + Details
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