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Investment in Unconsolidated Entities

6 Months Ended

Jun. 30, 2018

Equity Method Investments and Joint Ventures [Abstract]

Investments in Unconsolidated Entities

Investment in Unconsolidated Entities

The Company's investments in unconsolidated entities accounted for under the equity method consist of the following as of June 30, 2018 and December 31, 2017 (dollar amounts in thousands):

		June 30, 2018						December 31, 2017
Investment Name		Ownership Interest		Carrying Amount				Ownership Interest		Carrying Amount
BBA-EP320 II, L.L.C., BBA-Ten10 II, L.L.C., and Lexington on the Green Apartments, L.L.C. (collectively)		45%		$	8,519			45%		$	8,320
Total - Equity Method				$	8,519					$	8,320

The Company's investments in unconsolidated entities accounted for under the equity method using the fair value option consist of the following as of June 30, 2018 and December 31, 2017 (dollar amounts in thousands):

		June 30, 2018						December 31, 2017
Investment Name		Ownership Interest		Carrying Amount				Ownership Interest		Carrying Amount
Morrocroft Neighborhood Stabilization Fund II, LP		11%		$	13,302			11%		$	12,623
Evergreens JV Holdings, LLC		85%		4,420				85%		4,220
The Preserve at Port Royal Venture, LLC		77%		13,430				77%		13,040
WR Savannah Holdings, LLC		90%		14,000				90%		12,940
Total - Fair Value Option				$	45,152					$	42,823

The following table presents income from investments in unconsolidated entities for the three and six months ended June 30, 2018 and June 30, 2017 (dollar amounts in thousands):

		Three Months Ended June 30,								Six Months Ended June 30,
Investment Name		2018				2017				2018				2017
Autumnwood Investments LLC		$	—			$	73			$	—			$	73
200 RHC Hoover, LLC		—				—				—				275
BBA-EP320 II, L.L.C., BBA-Ten10 II, L.L.C., and Lexington on the Green Apartments, L.L.C. (collectively)		259				247				512				488
Morrocroft Neighborhood Stabilization Fund II, LP		398				332				680				980
Evergreens JV Holdings, LLC		171				139				365				303
Bent Tree JV Holdings, LLC		—				297				—				585
Summerchase LR Partners LLC		—				180				—				362
Lake Mary Realty Partners, LLC		—				222				—				433
The Preserve at Port Royal Venture, LLC		419				441				902				826
WR Savannah Holdings, LLC		1,269				295				1,629				625

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- References

No definition available.

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-URI http://asc.fasb.org/topic&trid=2196965

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