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Investments in Unconsolidated Entities
12 Months Ended
Dec. 31, 2015
Equity Method Investments and Joint Ventures [Abstract]  
Investments in Unconsolidated Entities
INVESTMENTS IN UNCONSOLIDATED ENTITIES

We participate in a number of joint ventures with related and unrelated third parties, with ownership interests up to 50%. These entities are generally involved in real estate development, homebuilding and mortgage lending activities.

Summarized, unaudited financial information of unconsolidated entities that are accounted for by the equity method was as follows (in thousands):

 
As of December 31,
 
2015
 
2014
Assets:
 
 
 
Real estate inventory
$
586,359

 
$
396,858

Other assets
119,781

 
59,963

Total assets
$
706,140

 
$
456,821

Liabilities and owners’ equity:
 
 
 
Debt
$
273,769

 
$
129,561

Other liabilities
11,239

 
8,870

Total liabilities
$
285,008

 
$
138,431

Owners’ equity:
 
 
 
TMHC
128,448

 
110,291

Others
292,684

 
208,099

Total owners’ equity
421,132

 
318,390

Total liabilities and owners’ equity
$
706,140

 
$
456,821



 
Year Ended December 31,
 
2015
 
2014
 
2013
Revenues
$
26,865

 
$
23,020

 
$
11,062

Costs and expenses
(23,667
)
 
(12,221
)
 
(4,002
)
Income of unconsolidated entities
$
3,198

 
$
10,799

 
$
7,060

Company’s share in income of unconsolidated entities
$
1,759

 
$
5,405

 
$
2,895

Distributions of earnings from unconsolidated entities
$
12,267

 
$
3,746

 
$
1,800