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Investments in Unconsolidated Joint Ventures (Tables)
3 Months Ended
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 DescriptionMarch 31, 2025December 31, 2024
Alaska JV20%166 $14,655 $15,598 
Institutional Investor JV20%1,015 11,812 12,349 
J.P. Morgan JV I20%2,168 103,995 104,232 
J.P. Morgan JV II20%138 30,302 26,955 
3,487 $160,764 $159,134