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Investment in Unconsolidated Joint Ventures | 9 Months Ended
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Sep. 30, 2021
Equity Method Investments and Joint Ventures [Abstract] |
Investment in Unconsolidated Joint Ventures | Investments 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, 2021 and December 31, 2020, respectively):
|  |  |  |  |  |  |  | Investment as of |  | Income/(Loss) for the nine months ended
Investment |  | Location |  | Number of Sites |  | Economic Interest (a) |  | September 30, 2021 |  | December 31, 2020 |  | September 30, 2021 |  | September 30, 2020
Meadows |  | Various (2,2) |  | 1,077 |  |  | 50 | % |  | $ | — |  |  | $ | — |  |  | $ | 1,350 |  |  | $ | 1,404 |
Lakeshore |  | Florida (3,3) |  | 721 |  |  | (b) |  | 2,662 |  |  | 2,281 |  |  | 417 |  |  | 313 |
Voyager |  | Arizona (1,1) |  | 1,801 |  |  | 50 | % | (c) | 132 |  |  | 83 |  |  | 544 |  |  | 153 |
ECHO JV |  | Various |  | — |  |  | 50 | % |  | 17,838 |  |  | 17,362 |  |  | 475 |  |  | 369 |
|  |  |  | 3,599 |  |  |  |  | $ | 20,632 |  |  | $ | 19,726 |  |  | $ | 2,786 |  |  | $ | 2,239 |
_____________________ (a)The percentages shown approximate our economic interest as of September 30, 2021. Our legal ownership interest may differ. (b)Includes two joint ventures in which we own a 65% interest and the Crosswinds joint venture in which we own a 49% interest. (c)Primarily consists of a 50% interest in Voyager RV Resort and a 33% interest in the utility plant servicing this Property. On October 14, 2021, we acquired our joint venture partner’s 50% interest in Voyager RV Resort. See Note 13. Subsequent events. We received approximately $2.4 million and $2.4 million in distributions from our unconsolidated joint ventures for the nine months ended September 30, 2021 and 2020, respectively. Approximately $2.2 million and $1.8 million of the distributions made to us exceeded our basis in our unconsolidated joint ventures for the nine months ended September 30, 2021 and 2020, respectively, and as such, were recorded as income from unconsolidated joint ventures.

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- References No definition available. + Details
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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 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
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