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Land Under Development | 3 Months Ended
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Mar. 31, 2019
Real Estate [Abstract] |
Land Under Development | Land Under Development On a limited basis, we directly acquire raw land parcels already zoned for its intended use to develop into finished lots. Land under development includes the land acquisition costs, direct improvement costs, capitalized interest where applicable, and real estate taxes. As of March 31, 2019, we directly owned a total of three separate raw land parcels with a carrying value of $37,781 that are expected to produce approximately 500 finished lots. We also have additional funding commitments of approximately $6,700 under a joint development agreement related to one parcel, a portion of which we expect will be offset by development credits of approximately $4,100. None of the raw parcels had any indicators of impairment as of March 31, 2019.

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- Definition The entire disclosure for land under development. + References No definition available. + Details
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- References No definition available. + Details
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