Quarterly report pursuant to Section 13 or 15(d)

Investments In Unconsolidated Real Estate Joint Ventures

v3.8.0.1
Investments In Unconsolidated Real Estate Joint Ventures
3 Months Ended
Mar. 31, 2018
Investments In Unconsolidated Real Estate Joint Ventures [Abstract]  
Investments In Unconsolidated Real Estate Joint Ventures

8.     Investments in Unconsolidated Real Estate Joint Ventures 



As of March 31, 2018, the Company had equity interests in 16 unconsolidated real estate joint ventures involved in the development of single-family master planned communities, multifamily apartment facilities and retail centers.  Investments in unconsolidated real estate joint ventures are accounted for as unconsolidated variable interest entities.  See Note 3 for information regarding the Company’s investments in consolidated variable interest entities.



The Company had the following investments in unconsolidated real estate joint ventures (in thousands):





 

 

 

 

 

 

 



 

 

 

 

 

 

 



 

March 31,

 

December 31,

 

BBX Capital

 

Investment in unconsolidated real estate joint ventures

 

2018

 

2017

 

% Ownership

 

Altis at Kendall Square, LLC

$

74 

 

78 

 

20.24

%

Altis at Lakeline - Austin Investors LLC

 

4,114 

 

4,156 

 

33.74

 

New Urban/BBX Development, LLC

 

1,516 

 

2,064 

 

50.00

 

Sunrise and Bayview Partners, LLC

 

1,438 

 

1,499 

 

50.00

 

Hialeah Communities, LLC

 

206 

 

473 

 

57.00

 

PGA Design Center Holdings, LLC

 

835 

 

1,862 

 

40.00

 

CCB Miramar, LLC

 

1,225 

 

1,225 

 

35.00

 

Centra Falls, LLC

 

123 

 

159 

 

7.14

 

The Addison on Millenia Investment, LLC

 

5,828 

 

5,933 

 

48.00

 

BBX/S Millenia Blvd Investments, LLC

 

4,985 

 

5,611 

 

90.00

 

Altis at Bonterra - Hialeah, LLC

 

19,869 

 

19,566 

 

95.00

 

Altis at Shingle Creek Manager, LLC

 

364 

 

338 

 

2.50

 

Altis at Grand Central Capital, LLC

 

1,898 

 

1,872 

 

10.54

 

Centra Falls II, LLC

 

535 

 

551 

 

7.14

 

BBX/Label Chapel Trail Development, LLC

 

4,862 

 

4,885 

 

46.75

 

Altis Promenade Capital, LLC

 

969 

 

962 

 

5.00

 

Investments in unconsolidated real estate joint ventures

$

48,841 

 

51,234