INVESTMENT IN UNCONSOLIDATED JOINT VENTURES	6 Months Ended
Jun. 30, 2021
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES	NOTE 7 – INVESTMENT IN UNCONSOLIDATED JOINT VENTURES As of June 30, 2021 and December 31, 2020, the Company participated in three unconsolidated joint ventures, each of which owns and operates one property; the Company’s equity investment in these ventures totaled $10,600,000 and $10,702,000, respectively. The Company recorded equity in earnings of $20,000 and equity in loss of $2,000 for the three and six months ended June 30, 2021, respectively, and equity in loss of $10,000 and equity in earnings of $54,000 for the three and six months ended June 30, 2020, respectively. As of June 30, 2021 and December 31, 2020, MCB and the Company are partners in an unconsolidated joint venture in which the Company’s equity investment is approximately $8,651,000 and $8,761,000, respectively. Sale of Unconsolidated Joint Venture Property Subsequent to June 30, 2021 On July 12, 2021, an unconsolidated joint venture sold a portion of its land, located in Savannah, Georgia for $2,559,000, net of closing costs. The Company anticipates its 50% share of the gain from this sale will be approximately $801,000, which will be recognized in the three and nine months ending September 30, 2021. The unconsolidated joint venture retained approximately 2.2 acres of land at this property.

INVESTMENT IN UNCONSOLIDATED JOINT VENTURES

6 Months Ended

Jun. 30, 2021

INVESTMENT IN UNCONSOLIDATED JOINT VENTURES

INVESTMENT IN UNCONSOLIDATED JOINT VENTURES

NOTE 7 – INVESTMENT IN UNCONSOLIDATED JOINT VENTURES

As of June 30, 2021 and December 31, 2020, the Company participated in three unconsolidated joint ventures, each of which owns and operates one property; the Company’s equity investment in these ventures totaled $10,600,000 and $10,702,000, respectively. The Company recorded equity in earnings of $20,000 and equity in loss of $2,000 for the three and six months ended June 30, 2021, respectively, and equity in loss of $10,000 and equity in earnings of $54,000 for the three and six months ended June 30, 2020, respectively.

As of June 30, 2021 and December 31, 2020, MCB and the Company are partners in an unconsolidated joint venture in which the Company’s equity investment is approximately $8,651,000 and $8,761,000, respectively.

Sale of Unconsolidated Joint Venture Property Subsequent to June 30, 2021

On July 12, 2021, an unconsolidated joint venture sold a portion of its land, located in Savannah, Georgia for $2,559,000, net of closing costs. The Company anticipates its 50% share of the gain from this sale will be approximately $801,000, which will be recognized in the three and nine months ending September 30, 2021. The unconsolidated joint venture retained approximately 2.2 acres of land at this property.