Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
ASSETS
INVENTORIES	$ 1,978,879	$ 1,889,761
INVESTMENT IN UNCONSOLIDATED ENTITIES	469,564	533,239
PROPERTIES AND EQUIPMENT, NET	33,274	32,312
INTANGIBLE ASSET, NET—RELATED PARTY	75,629	80,350
CASH AND CASH EQUIVALENTS	215,085	346,833
RESTRICTED CASH AND CERTIFICATES OF DEPOSIT	1,742	1,741
RELATED PARTY ASSETS	97,373	97,561
OTHER ASSETS	36,757	22,903
TOTAL	2,908,303	3,004,700
LIABILITIES:
Notes payable, net	616,814	616,046
Accounts payable and other liabilities	122,262	167,711
Related party liabilities	119,759	127,882
Deferred income tax liability, net	11,628	11,628
Payable pursuant to tax receivable agreement	173,248	172,633
Total liabilities	1,043,711	1,095,900
COMMITMENTS AND CONTINGENT LIABILITIES (Note 12)
REDEEMABLE NONCONTROLLING INTEREST	25,000	25,000
CAPITAL:
Contributed capital	572,587	571,532
Retained earnings	24,475	42,844
Accumulated other comprehensive loss	(2,656)	(2,682)
Total members’ capital	594,406	611,694
Noncontrolling interests	1,245,186	1,272,106
Total capital	1,839,592	1,883,800
TOTAL	$ 2,908,303	$ 3,004,700