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Investments in Unconsolidated Joint Ventures (Tables) | 3 Months Ended
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Mar. 31, 2025
Equity Method Investments and Joint Ventures [Abstract] |
Summary of Joint Venture Arrangements Accounting for Under Equity Method | The following table summarizes our investments in unconsolidated joint ventures as of March 31, 2025 and December 31, 2024 (amounts in thousands, except percentages and property data):
|  |  |  | % Ownership at March 31, 2025 |  | Completed Homes at March 31, 2025 |  | Investments in Unconsolidated Joint Ventures |  |  |  |  |  |  |
|  | Joint Venture Description |  |  |  | March 31, 2025 |  | December 31, 2024 |  |  |  |  |  |  |
|  | Alaska JV |  | 20% |  | 166 |  |  | $ | 14,655 |  |  | $ | 15,598 |  |  |  |  |  |  |  |
|  | Institutional Investor JV |  | 20% |  | 1,015 |  |  | 11,812 |  |  | 12,349 |  |  |  |  |  |  |  |
|  | J.P. Morgan JV I |  | 20% |  | 2,168 |  |  | 103,995 |  |  | 104,232 |  |  |  |  |  |  |  |
|  | J.P. Morgan JV II |  | 20% |  | 138 |  |  | 30,302 |  |  | 26,955 |  |  |  |  |  |  |  |
|  |  |  |  |  | 3,487 |  |  | $ | 160,764 |  |  | $ | 159,134 |  |  |  |  |  |  |  |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 + Details
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