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INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES AND INVESTEES | 12 Months Ended
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Dec. 31, 2017
Equity Method Investments and Joint Ventures [Abstract] |
INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES AND INVESTEES |
NOTE 4. | INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES AND INVESTEES
Investments in unconsolidated subsidiaries, jointly owned companies and other investees in which we have a 20% to 50% interest or otherwise exercise significant influence are carried at cost, adjusted for the Company’s proportionate share of their undistributed earnings or losses, via the equity method of accounting. Investments accounted for via the equity method consists of the following:
|  | Percentage ownership as of December 31, |
|  | 2017 |  |  | 2016 |  |  | 2015 |
Gruppa Florentina, LLC(1) |  |  | 20.00 | % |  |  | 20.00 | % |  |  | 20.00 | %
(1) Other investees. |  |  |  |  |  |  |  |  |  |  |  |
The market values, other than unconsolidated subsidiaries, as of the year ended December 31, 2017, 2016 and 2015 were not determinable as there were no readily traded markets for these entities. The following is a summary of the financial position and results of operations from our investees (dollars in thousands):
|  | For the Twelve Months Ended December 31,
|  | 2017 |  | 2016 |  | 2015
Other Investees |  |  |  |  |  |  |  |  |  |  |  |
Real estate, net of accumulated depreciation |  | $ | 12,587 |  |  | $ | 13,641 |  |  | $ | 13,899 |
Notes receivable |  |  | 2,724 |  |  |  | 9,561 |  |  |  | 8,457 |
Other assets |  |  | 32,176 |  |  |  | 31,135 |  |  |  | 30,834 |
Notes payable |  |  | (17,845 | ) |  |  | (9,834 | ) |  |  | (10,883 | )
Other liabilities |  |  | (5,991 | ) |  |  | (8,284 | ) |  |  | (7,967 | )
Shareholders' equity/partners capital |  |  | (23,651 | ) |  |  | (36,219 | ) |  |  | (34,340 | )
Revenue |  | $ | 38,747 |  |  | $ | 54,264 |  |  | $ | 51,650 |
Depreciation |  |  | (1,279 | ) |  |  | (1,150 | ) |  |  | (1,150 | )
Operating expenses |  |  | (35,410 | ) |  |  | (49,856 | ) |  |  | (47,143 | )
Interest expense |  |  | (1,065 | ) |  |  | (793 | ) |  |  | (805 | )
Income (loss) from continuing operations |  | $ | 993 |  |  | $ | 2,465 |  |  | $ | 2,552 |
Income (loss) from discontinued operations |  |  | — |  |  |  | — |  |  |  | — |
Net income (loss) |  | $ | 993 |  |  | $ | 2,465 |  |  | $ | 2,552 |
Company's proportionate share of earnings (1) |  | $ | 199 |  |  | $ | 493 |  |  | $ | 510 |
(1) Earnings represent continued and discontinued operations |  |  |  |  |  |  |  |  |  |  |  |

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- References No definition available. + Details
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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
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