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Land and Development (Tables)
3 Months Ended
Mar. 31, 2018
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
 
March 31,
 
December 31,
 
2018
 
2017
Land and land development, at cost(1)
$
689,249

 
$
868,692

Less: accumulated depreciation
(7,839
)
 
(8,381
)
Total land and development, net
$
681,410

 
$
860,311


_______________________________________________________________________________
(1)
During the three months ended March 31, 2018, the Company funded capital expenditures on land and development assets of $31.0 million.