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Investments in Unconsolidated Joint Ventures (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2025 and December 31, 2024 (amounts in thousands, except percentages and property data):

												% Ownership at June 30, 2025						Completed Homes at June 30, 2025						Investments in Unconsolidated Joint Ventures
						Joint Venture Description																		June 30, 2025						December 31, 2024
						Alaska JV						20%						160						$	15,139					$	15,598
						Institutional Investor JV						20%						1,015						11,323						12,349
						J.P. Morgan JV I						20%						2,264						86,180						104,232
						J.P. Morgan JV II						20%						177						35,193						26,955
																		3,616						$	147,835					$	159,134

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- References

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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

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