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Investment in Unconsolidated Joint Ventures
3 Months Ended
Mar. 31, 2019
Investment in Unconsolidated Joint Ventures  
Investment in Unconsolidated Joint Ventures

Note 6 – Investment in Unconsolidated Joint Ventures

The Company participates in four unconsolidated joint ventures, each of which owns and operates one property.  At March 31, 2019 and December 31, 2018, the Company’s equity investment in these ventures totaled $10,731,000 and $10,857,000, respectively.  The Company recorded equity in loss of $116,000 and equity in earnings of $195,000 for the three months ended March 31, 2019 and 2018, respectively.

At March 31, 2019 and December 31, 2018, MCB and the Company are partners in an unconsolidated joint venture in which the Company’s equity investment is approximately $8,931,000 and $9,087,000, respectively.