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Investment in Unconsolidated Ventures (Tables)
 9 Months Ended
Sep. 30, 2014
Equity Method Investments and Joint Ventures [Abstract]  
Summarized Balance Sheet Information
Combined summarized balance sheet information for our ventures accounted for using the equity method follows:
 
Venture Assets
 
Venture Borrowings(a)
 
Venture Equity
 
Our Investment
 
Third
Quarter-End
 
Year-End
 
Third
Quarter-End
 
Year-End
 
Third
Quarter-End
 
Year-End
 
Third
Quarter-End
 
Year-End
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
 
(In thousands)
242, LLC (b)
$
26,139

 
$
23,751

 
$
2,934

 
$
921

 
$
19,286

 
$
19,838

 
$
8,819

 
$
9,084

CJUF III, RH Holdings
—

 
36,320

 
—

 
18,492

 
—

 
15,415

 
—

 
3,235

CL Ashton Woods (c)
11,671

 
10,473

 
—

 
—

 
10,277

 
9,704

 
4,370

 
3,544

CL Realty
8,085

 
8,298

 
—

 
—

 
7,916

 
8,070

 
3,958

 
4,035

CREA FMF Nashville (b)
28,962

 
—

 
20,289

 
—

 
6,126

 
—

 
5,655

 
—

FMF Littleton
21,599

 
—

 
—

 
—

 
21,148

 
—

 
5,465

 
—

FMF Peakview
40,137

 
30,673

 
21,088

 
12,533

 
17,617

 
16,620

 
3,605

 
3,406

HM Stonewall Estates (c)
3,367

 
3,781

 
286

 
63

 
3,081

 
3,718

 
1,751

 
2,128

LM Land Holdings (c)
32,824

 
33,298

 
9,502

 
9,768

 
19,349

 
13,347

 
9,843

 
8,283

PSW Communities
12,604

 
—

 
7,377

 
—

 
4,270

 
—

 
3,795

 
—

Temco
12,756

 
13,320

 
—

 
—

 
12,518

 
13,160

 
6,259

 
6,580

Other ventures (d)
12,383

 
12,723

 
29,730

 
29,699

 
(32,022
)
 
(31,357
)
 
189

 
852

 
$
210,527

 
$
172,637

 
$
91,206

 
$
71,476

 
$
89,566

 
$
68,515

 
$
53,709

 
$
41,147
Summarized Income Statement Information
Combined summarized income statement information for our ventures accounted for using the equity method follows:
 
 Venture Revenues
 
 Venture Earnings (Loss)
 
Our Share of Earnings (Loss)
 
Third Quarter
 
First Nine Months
 
Third Quarter
 
First Nine Months
 
Third Quarter
 
First Nine Months
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
 
(In thousands)
242, LLC
$
88

 
$
37

 
$
1,563

 
$
3,168

 
$
(32
)
 
$
(20
)
 
$
448

 
$
817

 
$
(15
)
 
$
(10
)
 
$
236

 
$
438

CJUF III, RH Holdings
1,098

 
4

 
2,168

 
7

 
(305
)
 
(133
)
 
(956
)
 
(357
)
 
(305
)
 
(133
)
 
(956
)
 
(357
)
CL Ashton Woods (c)
790

 
1,355

 
1,859

 
4,246

 
277

 
477

 
573

 
1,027

 
373

 
677

 
826

 
1,817

CL Realty
413

 
445

 
1,240

 
1,246

 
294

 
350

 
846

 
802

 
147

 
175

 
423

 
401

CREA FMF Nashville
—

 
—

 
—

 
—

 
—

 
—

 
(25
)
 
—

 
—

 
—

 
(25
)
 
—

FMF Peakview
3

 
200

 
3

 
200

 
(109
)
 
(98
)
 
(261
)
 
(137
)
 
(21
)
 
(19
)
 
(52
)
 
(27
)
HM Stonewall Estates (c) 
292

 
696

 
1,727

 
1,794

 
91

 
255

 
613

 
655

 
36

 
100

 
245

 
276

LM Land Holdings (c)
4,604

 
9,387

 
13,897

 
14,651

 
3,397

 
5,515

 
10,368

 
9,274

 
1,200

 
2,344

 
3,097

 
3,998

PSW Communities
—

 
—

 
—

 
—

 
(11
)
 
—

 
(231
)
 
—

 
(9
)
 
—

 
(204
)
 
—

Temco
79

 
162

 
793

 
437

 
42

 
42

 
158

 
48

 
21

 
21

 
79

 
24

Other ventures
1,329

 
21

 
1,378

 
5,171

 
691

 
(120
)
 
502

 
(642
)
 
589

 
(30
)
 
296

 
34

 
$
8,696

 
$
12,307

 
$
24,628

 
$
30,920

 
$
4,335

 
$
6,268

 
$
12,035

 
$
11,487

 
$
2,016

 
$
3,125

 
$
3,965

 
$
6,604


 _____________________
(a) 
Total includes current maturities of $61,936,000 at third quarter-end 2014, of which $40,697,000 is non-recourse to us, and $37,966,000 at year-end 2013, of which $37,822,000 is non-recourse to us.
(b) 
Includes unamortized deferred gains on real estate contributed by us to ventures. We recognize deferred gains as income as real estate is sold to third parties. Deferred gains of $1,648,000 are reflected as a reduction to our investment in unconsolidated ventures at third quarter-end 2014.
(c) 
Includes unrecognized basis difference of $2,011,000 which is reflected as a reduction of our investment in unconsolidated ventures at third quarter-end 2014. The difference will be accreted as income or expense over the life of the investment and included in our share of earnings (loss) from the respective ventures.
(d) 
Our investment in other ventures reflects our ownership interests, excluding venture losses that exceed our investment where we are not obligated to fund those losses. Please read Note 16—Variable Interest Entities for additional information.