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Unconsolidated Joint Venture

3 Months Ended

Mar. 31, 2019

Equity Method Investments And Joint Ventures [Abstract]

19. UNCONSOLIDATED JOINT VENTURE

The Company accounts for its 50% 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 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 ‘Revenue – real estate services’ in the accompanying consolidated statements of operations for the periods presented.

Our share of the earnings for the three months ended March 31, 2019 and 2018 are $57 thousand and $14 thousand, respectively. During the three months ended March 31, 2019 and 2018, the Company collected total distributions of $58 thousand and $10 thousand, respectively, as a return on investment..

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

	Three Months Ended March 31,
	2019		2018
Statement of Operations:
Total net revenue	$	147	$	58
Total expenses		33		30
Net income	$	114	$	28
Comstock Holding Companies, Inc. share of net income	$	57	$	14