Investment in Unconsolidated Entities

The Company's investments in unconsolidated entities accounted for under the equity method consist of the following as of September 30, 2017 and December 31, 2016 (dollar amounts in thousands):



	September 30, 2017			December 31, 2016
Investment Name	Ownership Interest	Carrying Amount		Ownership Interest	Carrying Amount
Autumnwood Investments LLC	—	$	2,020	—	$	2,092
200 RHC Hoover, LLC⁽¹⁾	—	—		63%	8,886
BBA-EP320 II, L.L.C., BBA-Ten10 II, L.L.C., and Lexington on the Green Apartments, L.L.C. (collectively)	45%	8,222		45%	7,949
Total - Equity Method		$	10,242		$	18,927


⁽¹⁾	On March 31, 2017, the Company reconsidered its evaluation of its variable interest in 200 RHC Hoover, LLC ("Riverchase Landing") and determined that it became the primary beneficiary of Riverchase Landing. Accordingly, on this date, the Company consolidated Riverchase Landing into its condensed consolidated financial statements (see Note 10).

The Company's investments in unconsolidated entities accounted for under the equity method using the fair value option consist of the following as of September 30, 2017 and December 31, 2016 (dollar amounts in thousands):



	September 30, 2017			December 31, 2016
Investment Name	Ownership Interest	Carrying Amount		Ownership Interest	Carrying Amount
Morrocroft Neighborhood Stabilization Fund II, LP	11%	$	11,206	11%	$	9,732
Evergreens JV Holdings, LLC	85%	4,120		85%	3,810
Bent Tree JV Holdings, LLC⁽¹⁾	—	—		78%	9,890
Summerchase LR Partners LLC⁽¹⁾	—	—		80%	4,410
Lake Mary Realty Partners, LLC⁽¹⁾	—	—		80%	7,690
The Preserve at Port Royal Venture, LLC	77%	12,850		77%	12,280
WR Savannah Holdings, LLC	90%	12,850		90%	12,520
Total - Fair Value Option		$	41,026		$	60,332


⁽¹⁾	The unconsolidated entity redeemed the Company's investment in the three months ended September 30, 2017.

The following table presents income from investments in unconsolidated entities for the three and nine months ended September 30, 2017 and September 30, 2016 (dollar amounts in thousands):



	Three Months Ended September 30,				Nine Months Ended September 30,
Investment Name	2017		2016		2017		2016
Autumnwood Investments LLC	$	64	$	71	$	137	$	213
200 RHC Hoover, LLC	—		276		275		1,091
BBA-EP320 II, L.L.C., BBA-Ten10 II, L.L.C., and Lexington on the Green Apartments, L.L.C. (collectively)	252		189		741		189
RiverBanc LLC ⁽¹⁾	—		—		—		125
Kiawah River View Investors LLC ("KRVI") ⁽¹⁾	—		—		—		1,250
RB Development Holding Company, LLC ⁽¹⁾	—		—		—		107
RB Multifamily Investors LLC ⁽¹⁾	—		—		—		2,262
Morrocroft Neighborhood Stabilization Fund II, LP	394		244		1,374		702
Evergreens JV Holdings, LLC	161		79		464		89
Bent Tree JV Holdings, LLC⁽²⁾	1,210		157		1,795		257
Summerchase LR Partners LLC⁽²⁾	194		190		556		200
Lake Mary Realty Partners, LLC ⁽²⁾	2,312		238		2,745		258
The Preserve at Port Royal Venture, LLC	440		392		1,266		492
WR Savannah Holdings, LLC	405		362		1,030		422

⁽¹⁾

As of May 16, 2016, RiverBanc LLC, RB Development Holding Company, LLC, and RB Multifamily Investors LLC became wholly-owned subsidiaries of the Company as a result of the Company's acquisition of the remaining ownership interests in those entities held by other unaffiliated entities (see Note 23). Also as of May 16, 2016, the Company consolidated KRVI into its condensed consolidated financial statements (see Note 10).


⁽²⁾	Includes income recognized from redemption of the Company's investment during the three and nine months ended September 30, 2017.