General form of registration statement for all companies including face-amount certificate companies

Related Party Transactions (Tables)

v3.20.4
Related Party Transactions (Tables)
9 Months Ended
Sep. 30, 2020
Home sales [Member]  
Schedule of assets and liabilities transferred to joint venture

The real estate joint venture had net assets at the date of transfer of $28.9 million and a noncontrolling interest of $1.2 million as follows (dollars in thousands):

 

Assets Transferred        
Cash   $ 338  
Real estate inventories     49,705  
Other assets     174  
Total assets   $ 50,217  
         
Liabilities Transferred        
Accounts payable   $ 1,416  
Construction loan     17,825  
Accrued expenses and other liabilities     2,102  
Total liabilities     21,343  
Net assets transferred     28,874  
Noncontrolling interest transferred   $ 1,242