Unconsolidated Joint Venture

12 Months Ended

Dec. 31, 2017

Equity Method Investments and Joint Ventures [Abstract]

18. UNCONSOLIDATED JOINT VENTURE

The Company accounts for its interest in its title insurance joint venture using the equity method of accounting and adjusts the carrying value for its proportionate share of earnings, losses and distributions. The investment in the unconsolidated joint venture was $27 and $54 as of December 31, 2017 and 2016, respectively, and is included within ‘Other assets, net’ in the accompanying consolidated balance sheets. Earnings for the years ended December 31, 2017 and 2016, from this unconsolidated joint venture of $53 and $87, respectively, is included in ‘Other income, net’ in the accompanying consolidated statement of operations. During the years ended December 31, 2017 and 2016, the Company collected and recorded a distribution of $83 and $102, respectively, from this joint venture as a return on investment.

Summarized unaudited financial information for the unconsolidated joint venture is as follows:


	Twelve Months Ended December 31,
	2017		2016
Statement of Operations:
Total net revenue	$	219	$	290
Total expenses		114		117

Net income	$	105	$	173

Comstock Holding Companies, Inc. share of net income	$	53	$	87