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Land Under Development | 3 Months Ended
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Mar. 31, 2023
Real Estate [Abstract] |
Land Under Development | Land Under DevelopmentOn 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, 2023, we owned land with a carrying value of $28,814 that we intend to develop into approximately 1,900 finished lots. We have additional funding commitments of approximately $1,900 under a joint development agreement related to one project, a portion of which we expect will be offset by development credits of approximately $900. As of December 31, 2022, the carrying value of land under development was $27,100. None of our land under development projects had any indicators of impairment as of March 31, 2023

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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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