Unconsolidated Joint Venture

3 Months Ended

Mar. 31, 2018

Equity Method Investments and Joint Ventures [Abstract]

20. UNCONSOLIDATED JOINT VENTURE

The Company accounts for its interest in its title insurance joint venture using the equity method of accounting and periodically adjusts the carrying value for its proportionate share of earnings, losses and distributions. The carrying value of the investment is included within ‘Other assets’ in the accompanying consolidated balance sheets and our proportionate share of the earnings from the investment are included in ‘Other income, net’ in the accompanying consolidated statements of operations for the periods presented.

Our share of the earnings for the three months ended March 31, 2018 and 2017 are $14 and $18, respectively. During the three months ended March 31, 2018 and 2017 the Company collected total distributions of $10 and $36, respectively, as a return on investment.

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


	Three Months Ended March 31,
	2018		2017
Statement of Operations:
Total net revenue	$	58	$	66
Total expenses		30		30

Net income	$	28	$	36

Comstock Holding Companies, Inc. share of net income	$	14	$	18