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Investments in Real Estate Ventures at Fair Value (Tables)
 12 Months Ended
Dec. 31, 2019
Equity Method Investments And Joint Ventures [Abstract]  
Schedule of Investments in Real Estate Ventures The table below shows the movement in the Company’s investments in real estate ventures reported at fair value.

 

 

Year Ended

December 31,

 

 

 

2019

 

Fair value investments as of July 23,

 

$

9,306

 

Investments

 

 

1,200

 

Distributions

 

 

(1,525

)

Change in fair value

 

 

(560

)

Fair value investments as of December 31,

 

$

8,421

 
Schedule of Combined Financial Information for Unconsolidated Real Estate Ventures

The following table summarizes the combined financial information for our unconsolidated real estate ventures accounted for under the fair value option.

 

 

2019

 

Balance Sheets:

 

 

 

 

Real estate inventories

 

$

11,328

 

Investments in real estate, net of depreciation

 

 

1,200

 

Cash

 

 

2,616

 

Accounts receivable

 

 

200

 

Other assets

 

 

1,456

 

Total assets

 

 

16,800

 

Notes payable

 

 

6,166

 

Warranty reserves

 

 

150

 

Accounts payable

 

 

1,787

 

Accrued liabilities

 

 

500

 

Purchaser deposits

 

 

1,773

 

Total liabilties

 

 

10,376

 

Total equity

 

 

6,424

 

 

 

 

 

 

Statements of Operations:

 

 

 

 

Revenue

 

 

6,832

 

Net loss

 

 

(1,364

)