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Prepaid Expenses and Other Assets | 3 Months Ended
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Mar. 31, 2024
Prepaid Expenses and Other Assets [Abstract] |
Prepaid Expenses and Other Assets | 5. Prepaid Expenses and Other Assets Prepaid expenses and other assets included the following (in thousands):
|  | March 31, |  | December 31,
|  | 2024 |  | 2023
Prepaid insurance |  | $ | 36,824 |  | $ | 37,624
Lot option and escrow deposits |  |  | 64,117 |  |  | 51,369
Performance deposits |  |  | 8,734 |  |  | 10,170
Restricted cash (1) |  |  | 21,421 |  |  | 15,853
Multi-family rental properties under construction |  |  | 160,213 |  |  | 136,300
Mortgage loans held for investment at fair value |  |  | 21,620 |  |  | 21,041
Mortgage loans held for investment at amortized cost |  |  | 6,778 |  |  | 6,826
Mortgage servicing rights |  |  | 32,734 |  |  | 30,932
Derivative assets |  |  | 3,790 |  |  | 1,618
Other assets and prepaid expenses |  |  | 32,570 |  |  | 38,460
Total prepaid expenses and other assets |  | $ | 388,801 |  | $ | 350,193
(1)Restricted cash consists of restricted cash related to land development, earnest money deposits for home sale contracts held by third parties as required by various jurisdictions, and certain compensating balances associated with our mortgage repurchase facilities and other financing obligations.

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- Definition The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
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