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):
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.
Reference 1: http://www.xbrl.org/2003/role/presentationRef