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Investment in Unconsolidated Joint Ventures | 12 Months Ended
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Dec. 31, 2019
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, 2019 and 2018, respectively):
|  |  |  |  |  |  |  |  |  | Investment as of December 31, |  | Income/(Loss) for Years Ended December 31,
Investment |  | Location |  | Number of Sites |  | Economic Interest (a) |  |  |  | 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2017
Meadows |  | Various (2,2) |  | 1,077 |  |  | 50 | % |  |  |  | $ | 146 |  |  | $ | 346 |  |  | $ | 1,400 |  |  | $ | 1,839 |  |  | $ | 2,197 |
Lakeshore |  | Florida (3,3) |  | 721 |  |  | (b) |  |  |  |  | 2,467 |  |  | 2,263 |  |  | 263 |  |  | 22 |  |  | 115 |
Voyager |  | Arizona (1,1) |  | 1,801 |  |  | 50 | % |  | (c) |  | 599 |  |  | 3,135 |  |  | 2,951 |  |  | 995 |  |  | 891 |
Loggerhead |  | Florida |  | 2,343 |  |  | — | % |  | (d) |  | — |  |  | 35,789 |  |  | 3,501 |  |  | 1,486 |  |  | 230 |
ECHO JV |  | Various |  | — |  |  | 50 | % |  |  |  | 16,862 |  |  | 16,222 |  |  | 640 |  |  | 597 |  |  | 332 |
|  |  |  | 5,942 |  |  |  |  |  |  | $ | 20,074 |  |  | $ | 57,755 |  |  | $ | 8,755 |  |  | $ | 4,939 |  |  | $ | 3,765 |
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(a) | The percentages shown approximate our economic interest as of December 31, 2019. 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 $8.8 million, $4.9 million, and $3.8 million (net of $1.2 million, $1.8 million and $1.5 million of depreciation expense, respectively) of equity in income from unconsolidated joint ventures for the years ended December 31, 2019, 2018 and 2017, respectively. We received approximately $11.5 million, $4.5 million and $3.8 million in distributions from joint ventures for the years ended December 31, 2019, 2018 and 2017, respectively. Approximately $3.5 million, $0.2 million and $0.8 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, 2019, 2018, and 2017 respectively.

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SX 210.3A-04) -URI http://asc.fasb.org/extlink&oid=116822174&loc=d3e355119-122828 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
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