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Land Under Development | 6 Months Ended
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Jun. 30, 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 June 30, 2019, we directly owned a total of four separate raw land parcels with a carrying value of $46,725 that are expected to produce approximately 550 finished lots. We also have additional funding commitments of approximately $6,000 under a joint development agreement related to one parcel, a portion of which we expect will be offset by development credits of approximately $3,300. None of the raw parcels had any indicators of impairment as of June 30, 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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