Investments In Unconsolidated Joint Ventures And Entities

Note 7 – Investments in Unconsolidated Joint Ventures and Entities

Our investments in unconsolidated joint ventures and entities are accounted for under the equity method of accounting except for Rialto Distribution, which is accounted for as a cost method investment, and, as of June 30, 2014 and December 31, 2013, included the following (dollars in thousands):



	Interest		June 30, 2014		December 31, 2013
Rialto Distribution	33.3%	$	--	$	--
Rialto Cinemas	50.0%		1,818		1,571
205-209 East 57th Street Associates, LLC	25.0%		--		--
Mt. Gravatt	33.3%		5,234		5,164
Total investments		$	7,052	$	6,735

For the three and six months ended June 30, 2014 and 2013, we recorded our share of equity earnings from our investments in unconsolidated joint ventures and entities as follows (dollars in thousands):



		Three Months Ended June 30,				Six Months Ended June 30,
		2014		2013		2014		2013
Rialto Distribution	$	13	$	20	$	13	$	41
Rialto Cinemas		217		40		355		68
205-209 East 57th Street Associates, LLC		--		--		--		(1)
Mt. Gravatt		71		372		243		671
Total equity earnings	$	301	$	432	$	611	$	779

- 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.

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