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Unconsolidated Joint Venture
12 Months Ended
Dec. 31, 2019
Equity Method Investments And Joint Ventures [Abstract]  
Unconsolidated Joint Venture

15. 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 $125 and $72 as of December 31, 2019 and 2018, respectively, and is included within ‘Prepaid and other assets, net’ in the accompanying Consolidated Balance Sheets. Earnings for the years ended December 31, 2019 and 2018, from this unconsolidated joint venture of $222 and $137, respectively, is included in ‘Other income, net’ in the accompanying Consolidated Statement of Operations. During the years ended December 31, 2019 and 2018, the Company collected and recorded a distribution of $172 and $89, respectively, from this joint venture as a return on investment.

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

 

 

 

Twelve Months Ended December 31,

 

 

 

2019

 

 

2018

 

Statement of Operations:

 

 

 

 

 

 

 

 

Total net revenue

 

$

558

 

 

$

391

 

Total expenses

 

 

115

 

 

 

117

 

Net income

 

$

443

 

 

$

274

 

Comstock Holding Companies, Inc. share of net

   income

 

$

222

 

 

$

137