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Investments in Unconsolidated Joint Ventures | 3 Months Ended
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Mar. 31, 2022
Equity Method Investments and Joint Ventures [Abstract] |
Investments 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 March 31, 2022 and December 31, 2021, respectively):
|  |  |  |  |  |  |  | Investment as of |  | Income/(Loss) for the quarters ended
Investment |  | Location |  | Number of Sites |  | Economic Interest (a) |  | March 31, 2022 |  | December 31, 2021 |  | March 31, 2022 |  | March 31, 2021
Meadows |  | Various (2,2) |  | 1,077 |  |  | 50 | % |  | $ | 60 |  |  | $ | — |  |  | $ | 260 |  |  | $ | 550 |
Lakeshore |  | Florida (3,3) |  | 721 |  |  | (b) |  | 2,599 |  |  | 2,638 |  |  | 135 |  |  | 152 |
Voyager |  | Arizona (1,1) |  | — |  |  | 33 | % | (c) | 160 |  |  | 141 |  |  | 20 |  |  | 30 |
ECHO JV |  | Various |  | — |  |  | 50 | % |  | 18,313 |  |  | 18,136 |  |  | 177 |  |  | 136 |
RVC |  | Various |  | 1,019 |  |  | 80 | % |  | 53,085 |  |  | 49,397 |  |  | (421) |  |  | — |
Mulberry Farms |  | Various |  | — |  |  | 50 | % | (d) | 5,471 |  |  | — |  |  | — |  |  | — |
|  |  |  | 2,817 |  |  |  |  | $ | 79,688 |  |  | $ | 70,312 |  |  | $ | 171 |  |  | $ | 868 |
_____________________ (a)The percentages shown approximate our economic interest as of March 31, 2022. 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)Consists of a 33% interest in the utility plant servicing Voyager RV Resort. On October 14, 2021, we completed the acquisition of the remaining 50% interest in Voyager RV Resort. (d)On January 18, 2022, we acquired a 50% equity interest in an entity developing an age-restricted community in Prescott Valley, Arizona. We received approximately $0.4 million and $0.7 million in distributions from our unconsolidated joint ventures for the quarters ended March 31, 2022 and 2021, respectively. Approximately $0.3 million and $0.7 million of the distributions made to us exceeded our basis in our unconsolidated joint ventures for the quarters ended March 31, 2022 and 2021, 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://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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