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REPORTING SEGMENTS (Tables)
9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Summary of Reporting Segments
Our reporting segments are as follows:
 
EastAtlanta, Charlotte, Jacksonville, Orlando, Raleigh, Sarasota, Naples, and Tampa
CentralAustin, Dallas, Denver, and Houston
WestBay Area, Phoenix, Las Vegas, Portland, Seattle, Sacramento, and Southern California
Financial ServicesTaylor Morrison Home Funding, Inspired Title Services, and Taylor Morrison Insurance Services
Summary of Segment Information
Segment information is as follows (in thousands):

 Three Months Ended September 30, 2020
 EastCentralWestFinancial Services
Corporate
and
Unallocated(1)
Total
Total revenues$507,541 $426,275 $718,167 $47,451 $— $1,699,434 
Gross margin90,018 87,352 107,075 25,244 — 309,689 
Selling, general and administrative expenses(41,450)(33,181)(45,525)— (27,011)(147,167)
Equity in (loss)/income of unconsolidated entities— (5)325 2,637 — 2,957 
Interest and other expense, net (2)
(194)(359)(2,880)(1,442)(1,399)(6,274)
Loss on extinguishment of debt, net— — — — (10,247)(10,247)
Income/(loss) before income taxes$48,374 $53,807 $58,995 $26,439 $(38,657)$148,958 
(1) Includes the activity from our Build-To-Rent and Urban Form operations.
(2) Interest and other expense, net includes transaction related expenses and pre-acquisition write-offs of terminated projects.
 Three Months Ended September 30, 2019
 EastCentralWestFinancial ServicesCorporate
and
Unallocated
Total
Total revenues$439,498 $313,643 $328,710 $23,254 $— $1,105,105 
Gross margin74,368 58,021 68,260 10,425 — 211,074 
Selling, general and administrative expenses(39,560)(29,918)(23,366)— (26,255)(119,099)
Equity in (loss)/income of unconsolidated entities— (50)1,215 939 (1)2,103 
Interest and other (expense)/income, net(531)(159)63 — (3,030)(3,657)
Income/(loss) before income taxes$34,277 $27,894 $46,172 $11,364 $(29,286)$90,421 
Nine Months Ended September 30, 2020
 EastCentralWestFinancial
Services
Corporate
and
Unallocated(1)
Total
Total revenues$1,405,556 $1,280,479 $1,745,279 $115,787 $24,717 $4,571,818 
Gross margin226,771 234,723 240,864 50,137 (872)751,623 
Selling, general and administrative expenses(118,249)(101,405)(121,337)— (88,179)(429,170)
Equity in (loss)/income of unconsolidated entities— (166)899 8,164 (19)8,878 
Interest and other expense, net (2)
(308)(4,230)(16,170)(8,880)(86,469)(116,057)
Loss on extinguishment of debt— — — — $(10,247)$(10,247)
Income/(loss) before income taxes$108,214 $128,922 $104,256 $49,421 $(185,786)$205,027 
(1) Includes the activity from our Build-To-Rent and Urban Form operations.
(2) Interest and other income expense, net includes transaction related expenses and pre-acquisition write-offs of terminated projects.
 Nine Months Ended September 30, 2019
EastCentralWestFinancial
Services
Corporate
and
Unallocated
Total
Total revenues$1,279,826 $931,592 $1,022,088 $62,117 $— $3,295,623 
Gross margin212,693 163,015 215,658 25,522 — 616,888 
Selling, general and administrative expenses(116,579)(87,478)(68,906)— (74,836)(347,799)
Equity in (loss)/income of unconsolidated entities— (220)3,771 4,274 158 7,983 
Interest and other expense, net(4,066)(715)(148)— (3,631)(8,560)
Income/(loss) before income taxes$92,048 $74,602 $150,375 $29,796 $(78,309)$268,512 
Summary of Assets by Segment
 As of September 30, 2020
 EastCentralWestFinancial Services
Corporate
and
Unallocated(1)
Total
Real estate inventory and land deposits$1,761,739 $1,179,559 $2,619,723 $— $21 $5,561,042 
Investments in unconsolidated entities— 47,338 73,307 4,477 10 125,132 
Other assets157,634 189,543 598,127 261,045 941,925 2,148,274 
Total assets$1,919,373 $1,416,440 $3,291,157 $265,522 $941,956 $7,834,448 
(1) Includes the assets from our Build-To-Rent and Urban Form operations.
 
 As of December 31, 2019
 EastCentralWestFinancial ServicesCorporate
and
Unallocated
Total
Real estate inventory and land deposits$1,841,904 $965,039 $1,219,411 $— $— $4,026,354 
Investments in unconsolidated entities— 37,506 86,996 4,015 242 128,759 
Other assets165,777 121,724 60,060 257,760 485,252 1,090,573 
Total assets$2,007,681 $1,124,269 $1,366,467 $261,775 $485,494 $5,245,686