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Land and Development (Tables)
9 Months Ended
Sep. 30, 2018
Land and development [Abstract]  
Schedule of land and development assets
The Company's land and development assets were comprised of the following ($ in thousands):
 
As of
 
September 30,
 
December 31,
 
2018
 
2017
Land and land development, at cost(1)
$
658,905

 
$
868,692

Less: accumulated depreciation
(8,374
)
 
(8,381
)
Total land and development, net
$
650,531

 
$
860,311


_______________________________________________________________________________
(1)
During the nine months ended September 30, 2018, the Company funded capital expenditures on land and development assets of $98.5 million.