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Investments in Unconsolidated Entities
3 Months Ended
Mar. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]  
Investments in Unconsolidated Entities
Investments in Unconsolidated Entities

The Company's investments in unconsolidated entities accounted for under the equity method consist of the following as of March 31, 2019 and December 31, 2018 (dollar amounts in thousands):

 
 
March 31, 2019

December 31, 2018
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%
 
$
9,217

 
45%
 
$
8,948

Somerset Deerfield Investor, LLC
 
45%
 
16,504

 
45%
 
16,266

RS SWD Owner, LLC, RS SWD Mitchell Owner, LLC, RS SWD IF Owner, LLC, RS SWD Mullis Owner, LLC, RS SWD JH Mullis Owner, LLC and RS SWD Saltzman Owner, LLC (collectively)
 
43%
 
4,752

 
43%
 
4,714

Audubon Mezzanine Holdings, L.L.C. (Series A)
 
57%
 
10,701

 
57%
 
10,544

EP 320 Growth Fund, L.L.C. (Series A) and Turnbury Park Apartments - BC, L.L.C. (Series A) (collectively)
 
46%
 
6,612

 
 

Walnut Creek Properties Holdings, L.L.C.
 
36%
 
8,003

 
 

Total - Equity Method
 
 
 
$
55,789

 
 
 
$
40,472


    
The Company's investments in unconsolidated entities accounted for under the equity method using the fair value option consist of the following as of March 31, 2019 and December 31, 2018 (dollar amounts in thousands):
 
 
March 31, 2019
 
December 31, 2018
Investment Name
 
Ownership Interest
 
Carrying Amount
 
Ownership Interest
 
Carrying Amount
Morrocroft Neighborhood Stabilization Fund II, LP
 
11%
 
$
11,185

 
11%
 
$
10,954

Evergreens JV Holdings, LLC
 
85%
 
11,340

 
85%
 
8,200

The Preserve at Port Royal Venture, LLC
 
77%
 
14,050

 
77%
 
13,840

Total - Fair Value Option
 
 
 
$
36,575

 
 
 
$
32,994



The following table presents income from investments in unconsolidated entities for the three months ended March 31, 2019 and March 31, 2018 (dollar amounts in thousands):
        
 
 
Three Months Ended March 31,
Investment Name
 
2019
 
2018
BBA-EP320 II, L.L.C., BBA-Ten10 II, L.L.C., and Lexington on the Green Apartments, L.L.C. (collectively)
 
$
275

 
$
253

Morrocroft Neighborhood Stabilization Fund II, LP
 
232

 
282

Evergreens JV Holdings, LLC
 
3,224

 
194

The Preserve at Port Royal Venture, LLC
 
438

 
483

WR Savannah Holdings, LLC
 

 
361

Somerset Deerfield Investor, LLC
 
478

 

RS SWD Owner, LLC, RS SWD Mitchell Owner, LLC, RS SWD IF Owner, LLC, RS SWD Mullis Owner, LLC, RS SWD JH Mullis Owner, LLC and RS SWD Saltzman Owner, LLC (collectively)
 
131

 

Audubon Mezzanine Holdings, L.L.C. (Series A)
 
297

 

EP 320 Growth Fund, L.L.C. (Series A) and Turnbury Park Apartments - BC, L.L.C. (Series A) (collectively)
 
165

 

Walnut Creek Properties Holdings, L.L.C.
 
98