INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Tables)

3 Months Ended

Mar. 31, 2019

Equity Method Investments and Joint Ventures [Abstract]

Summary of the Company's investments in unconsolidated joint ventures, which the entity accounts for using the equity method

The following is a summary of the Company’s investments in and advances to unconsolidated joint ventures, which we account for using the equity method, as of March 31, 2019 and December 31, 2018 ($ in thousands):



Entity	March 31, 2019		December 31, 2018

Grace Lake JV, LLC	$	2,664	$	5,316
24 Second Avenue Holdings LLC	91,177		35,038
Investment in unconsolidated joint ventures	$	93,841	$	40,354

Summary of the Company's allocated earnings based on its ownership interests from investment in unconsolidated joint ventures

The following is a summary of the Company’s allocated earnings (losses) based on its ownership interests from investment in unconsolidated joint ventures for the three months ended March 31, 2019 and 2018 ($ in thousands):



	Three Months Ended March 31,
Entity	2019		2018

Grace Lake JV, LLC	415		267
24 Second Avenue Holdings LLC	544		(215		)
Earnings (loss) from investment in unconsolidated joint ventures	$	959	$	52

Summary of the combined results from operations of the unconsolidated joint ventures for the period in which the Company had investment interests

The following is a summary of the combined financial position of the unconsolidated joint ventures in which the Company had investment interests as of March 31, 2019 and December 31, 2018 ($ in thousands):



	March 31, 2019		December 31, 2018

Total assets	$	165,755	$	167,837
Total liabilities	125,514		116,667
Partners’/members’ capital	$	40,241	$	51,170

The following is a summary of the combined results from operations of the unconsolidated joint ventures for the period in which the Company had investment interests during the three months ended March 31, 2019 and 2018 ($ in thousands):



	Three Months Ended March 31,
	2019		2018

Total revenues	$	4,699	$	4,349
Total expenses	3,863		3,572
Net income (loss)	$	836	$	777