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Investment in Unconsolidated Entities
3 Months Ended
Mar. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]  
Investment in Unconsolidated Entities INVESTMENT IN UNCONSOLIDATED ENTITIES
A summary of the Company’s investments in unconsolidated entities is as follows (in thousands):
March 31, 2023December 31, 2022
GB Challenger, LLC$51,043 $49,897 
GBTM Sendera, LLC15,839 14,319 
EJB River Holdings, LLC9,057 8,554 
BHome Mortgage, LLC1,120 1,147 
Green Brick Mortgage, LLC— 307 
Total investment in unconsolidated entities $77,059 $74,224 
A summary of the unaudited condensed financial information of the five unconsolidated entities that are accounted for by the equity method is as follows (in thousands):
March 31, 2023December 31, 2022
Assets:
Cash$12,009 $15,265 
Accounts receivable5,945 4,972 
Bonds and notes receivable12,341 10,381 
Loans held for sale, at fair value3,155 8,829 
Inventory205,206 195,732 
Other assets10,269 9,352 
Total assets$248,925 $244,531 
Liabilities:
Accounts payable$13,873 $10,166 
Accrued expenses and other liabilities12,612 12,177 
Notes payable77,060 82,484 
Total liabilities$103,545 $104,827 
Owners’ equity:
Green Brick$73,569 $70,812 
Others71,811 68,892 
Total owners’ equity$145,380 $139,704 
Total liabilities and owners’ equity$248,925 $244,531 
Three Months Ended March 31,
20232022
Revenues$58,323 $70,636 
Costs and expenses49,726 59,197 
Net earnings of unconsolidated entities$8,597 $11,439 
Company’s share in net earnings of unconsolidated entities$4,221 $5,687 

A summary of the Company’s share in net earnings by unconsolidated entity is as follows:
Three Months Ended March 31,
20232022
GB Challenger, LLC$3,025 $4,067 
BHome Mortgage, LLC693 554 
EJB River Holdings, LLC503 738 
Green Brick Mortgage, LLC— 328 
Total net earnings from unconsolidated entities$4,221 $5,687