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Investment in Unconsolidated Joint Ventures | 9 Months Ended
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Sep. 30, 2019
Equity Method Investments and Joint Ventures [Abstract] |
Investment in Unconsolidated Joint Ventures | 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 as of September 30, 2019 and December 31, 2018, respectively):
|  |  |  |  |  |  |  | Investment as of |  | Income/(Loss) for Nine Months Ended
Investment |  | Location |  | Number of Sites |  | Economic Interest (a) |  | September 30, 2019 |  | December 31, 2018 |  | September 30, 2019 |  | September 30, 2018
Meadows |  | Various (2,2) |  | 1,077 |  |  | 50 | % |  | $ | 246 |  |  | $ | 346 |  |  | $ | 1,200 |  |  | $ | 1,252 |
Lakeshore |  | Florida (3,3) |  | 720 |  |  | (b) |  |  | 2,553 |  |  | 2,263 |  |  | 183 |  |  | (62 | )
Voyager |  | Arizona (1,1) |  | 1,801 |  |  | 50 | % | (c) | 863 |  |  | 3,135 |  |  | 2,938 |  |  | 866 |
Loggerhead |  | Florida |  | 2,343 |  |  | 49 | % | (d) | — |  |  | 35,789 |  |  | 3,501 |  |  | 1,089 |
ECHO JV |  | Various |  | — |  |  | 50 | % |  | 16,677 |  |  | 16,222 |  |  | 455 |  |  | 451 |
|  |  |  | 5,941 |  |  |  |  | $ | 20,339 |  |  | $ | 57,755 |  |  | $ | 8,277 |  |  | $ | 3,596 |
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(a) | The percentages shown approximate our economic interest as of September 30, 2019 (see note (d) below on Loggerhead). Our legal ownership interest may differ.
(b) | Includes two joint ventures in which we own a 65% interest and 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 a 33% interest in the utility plant servicing the 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 approximately $10.7 million and $3.0 million of income from distributions from our unconsolidated joint ventures for the nine months ended September 30, 2019 and 2018, respectively. Approximately $3.2 million and $0.1 million of the distributions exceeded our basis in unconsolidated joint ventures for the nine months ended September 30, 2019 and September 30, 2018, respectively, and as such were recorded as income from unconsolidated joint ventures.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
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