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Investment In Unconsolidated Entities (Tables)
 6 Months Ended
Jun. 30, 2022
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments The following table summarizes the statements of operations of the Great Park Venture for the six months ended June 30, 2022 and 2021 (in thousands):
Six Months Ended June 30,
20222021
Land sale and related party land sale revenues$3,825 $337,826 
Home sale revenues40,475 — 
Cost of land sales
(13)(251,420)
Cost of home sales(30,784)— 
Other costs and expenses
(14,858)(29,780)
Net (loss) income of Great Park Venture$(1,355)$56,626 
The Company’s share of net (loss) income$(508)$21,235 
Basis difference amortization(586)(13,283)
Equity in (loss) earnings from Great Park Venture$(1,094)$7,952 
The following table summarizes the balance sheet data of the Great Park Venture and the Company’s investment balance as of June 30, 2022 and December 31, 2021 (in thousands):
June 30, 2022December 31, 2021
Inventories
$721,191 $687,235 
Cash and cash equivalents
118,044 140,004 
Receivable and other assets
28,827 32,550 
Total assets
$868,062 $859,789 
Accounts payable and other liabilities
$138,307 $128,677 
Redeemable Legacy Interests
82,719 82,719 
Capital (Percentage Interest)
647,036 648,393 
Total liabilities and capital
$868,062 $859,789 
The Company’s share of capital in Great Park Venture
$242,639 $243,147 
Unamortized basis difference
77,541 78,127 
The Company’s investment in the Great Park Venture
$320,180 $321,274 
The following table summarizes the statements of operations of the Gateway Commercial Venture for the six months ended June 30, 2022 and 2021 (in thousands):
Six Months Ended June 30,
20222021
Rental revenues$4,059 $4,249 
Rental operating and other expenses(1,225)(1,017)
Depreciation and amortization (1,969)(1,969)
Interest expense(620)(610)
Net income of Gateway Commercial Venture$245 $653 
Equity in earnings from Gateway Commercial Venture$184 $490 
The following table summarizes the balance sheet data of the Gateway Commercial Venture and the Company’s investment balance as of June 30, 2022 and December 31, 2021 (in thousands):
June 30, 2022December 31, 2021
Real estate and related intangible assets, net$84,743 $86,601 
Cash14,729 13,279 
Other assets4,477 4,486 
Total assets$103,949 $104,366 
Notes payable, net$29,406 $29,369 
Other liabilities8,369 9,067 
Members’ capital66,174 65,930 
Total liabilities and capital$103,949 $104,366 
The Company’s investment in the Gateway Commercial Venture$49,631 $49,447