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Unconsolidated Joint Venture | 9 Months Ended
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Sep. 30, 2019
Equity Method Investments And Joint Ventures [Abstract] |
Unconsolidated Joint Venture | 17. 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 September 30, 2019 and September 30, 2018 are $48 thousand and $30 thousand, respectively. Earnings for the nine months ended September 30, 2019 and September 30, 2018 are $115 thousand and $79 thousand, respectively. During the three months ended September 30, 2019 and September 30, 2018, the Company collected total distributions of $10 thousand and $36 thousand, respectively, as a return on investment. During the nine months ended September 30, 2019 and September 30, 2018, the Company collected total distributions of $124 thousand and $59 thousand, respectively. Summarized financial information for the unconsolidated joint venture is as follows:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Statement of Operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total net revenue |  | $ | 122 |  |  | $ | 87 |  |  | $ | 318 |  |  | $ | 246 |
Total expenses |  |  | 27 |  |  |  | 28 |  |  |  | 88 |  |  |  | 89 |
Net income |  | $ | 95 |  |  | $ | 59 |  |  | $ | 230 |  |  | $ | 157 |
Comstock Holding Companies, Inc. share of net income |  | $ | 48 |  |  | $ | 30 |  |  | $ | 115 |  |  | $ | 79 |

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SX 210.3A-04) -URI http://asc.fasb.org/extlink&oid=116822174&loc=d3e355119-122828 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
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