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Land Under Development | 6 Months Ended
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Jun. 30, 2023
Real Estate [Abstract] |
Land Under Development | Land Under DevelopmentOn a limited basis, we directly acquire raw land parcels already zoned for their 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, 2023, we owned land with a carrying value of $24,502 that we intend to develop into approximately 1,600 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 the raw parcels had any indicators of impairment as of June 30, 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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