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INVESTMENTS IN CONSOLIDATED AND UNCONSOLIDATED ENTITIES (Tables)
6 Months Ended
Jun. 30, 2021
Equity Method Investments and Joint Ventures [Abstract]  
Summarized Financial Information of Unconsolidated Entities Accounted by Equity Method
Summarized, unaudited combined financial information of unconsolidated entities that are accounted for by the equity method is as follows (in thousands):
As of
June 30,
2021
December 31,
2020
Assets:
Real estate inventory$323,093 $342,451 
Other assets124,756 133,903 
Total assets$447,849 $476,354 
Liabilities and owners’ equity:
Debt$165,384 $183,911 
Other liabilities15,457 21,215 
Total liabilities180,841 205,126 
Owners’ equity:
TMHC130,044 127,955 
Others136,964 143,273 
Total owners’ equity267,008 271,228 
Total liabilities and owners’ equity$447,849 $476,354 

 Three Months Ended
June 30,
Six Months Ended
June 30,
 2021202020212020
Revenues$29,745 $46,172 $79,626 $95,144 
Costs and expenses(22,901)(36,353)(57,059)(77,847)
Income of unconsolidated entities$6,844 $9,819 $22,567 $17,297 
TMHC’s share in income of unconsolidated entities$2,126 $3,495 $7,788 $5,921 
Distributions to TMHC from unconsolidated entities$9,729 $20,053 $20,342 $28,255