
	September 30, 2026		December 31, 2025
Rainwater Crossing Single-Family, LLC	$	45,447	$	51,484
GBTM Sendera, LLC	21,985		21,985
EJB River Holdings, LLC	5,424		8,075
TMGB Magnolia Ridge, LLC	14,006		11,506
Total investment in unconsolidated entities	$	86,862	$	93,050

A summary of the unaudited condensed financial information of the unconsolidated entities as of September 30, 2026 and December 31, 2025 that are accounted for by the equity method is as follows (in thousands):


	September 30, 2026		December 31, 2025
Assets:
Cash	$	11,084	$	10,713
Accounts receivable	385		1,615
Bonds and notes receivable	7,034		9,599
Inventory	166,324		177,003
Other assets	10,129		2,283
Total assets	$	194,956	$	201,213
Liabilities:
Accounts payable	$	8,284	$	8,050
Accrued expenses and other liabilities	—		10,746
Notes payable	39,615		37,274
Total liabilities	47,899		56,070
Owners’ equity:
Green Brick(1)	90,328		93,050
Others	56,729		52,093
Total owners’ equity	147,057		145,143
Total liabilities and owners’ equity	$	194,956	$	201,213

(1) A $3.5 million basis difference exists between the Company’s Rainwater Crossing capital balance and its investment in the joint venture due to profit recognized by the joint venture on lots taken down by Green Brick homebuilders. The Company will recognize this profit ratably through equity in income of unconsolidated entities when these lots are closed.


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Revenues	$	6,922	$	9,281	$	55,098	$	26,800
Costs and expenses	6,187		8,433		46,695		23,984
Net earnings of unconsolidated entities	$	735	$	848	$	8,403	$	2,816
Company’s share in net earnings of unconsolidated entities	$	367	$	422	$	2,098	$	1,406