Investment in Unconsolidated Entities (Tables)

3 Months Ended

Mar. 31, 2021

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments

A summary of the unaudited condensed financial information of the six unconsolidated entities that are accounted for by the equity method is as follows (in thousands):

	March 31, 2021		December 31, 2020
Assets:
Cash	$	13,226	$	12,765
Accounts receivable	2,109		1,815
Bonds and notes receivable	5,942		5,942
Loans held for sale, at fair value	20,309		14,530
Inventory	132,192		122,819
Other assets	9,858		8,377
Total assets	$	183,636	$	166,248
Liabilities:
Accounts payable	$	6,445	$	7,171
Accrued expenses and other liabilities	12,624		11,148
Notes payable	75,266		60,642
Total liabilities	$	94,335	$	78,961
Owners’ equity:
Green Brick	$	45,484	$	43,451
Others	43,817		43,836
Total owners’ equity	$	89,301	$	87,287
Total liabilities and owners’ equity	$	183,636	$	166,248

	Three Months Ended March 31,
	2021		2020
Revenues	$	39,721	$	35,365
Costs and expenses	31,951		29,815
Net earnings of unconsolidated entities	$	7,770	$	5,550
Company’s share in net earnings of unconsolidated entities	$	3,891	$	2,565