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Land and Development (Tables)
9 Months Ended
Sep. 30, 2017
Land and development [Abstract]  
Land and land development assets
The Company's land and development assets were comprised of the following ($ in thousands):
 
As of
 
September 30,
 
December 31,
 
2017
 
2016
Land and land development, at cost(1)
$
869,331

 
$
952,051

Less: accumulated depreciation
(7,824
)
 
(6,486
)
Total land and development, net
$
861,507

 
$
945,565


_______________________________________________________________________________
(1)
During the nine months September 30, 2017, the Company funded capital expenditures on land and development assets of $85.0 million.