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v3.25.3

Segment Reporting - Schedule of Assets (Details) - USD ($) $ in Thousands | Sep. 30, 2025 | Dec. 31, 2024
--- | --- | ---
Segment Reporting Information [Line Items] |  |
Segment assets | $ 3,185,282 | $ 3,076,417
The Company’s investment in the Great Park Venture | 168,867 | 185,324
Inventory assets | 2,448,353 | 2,298,080
Operating Segments | Total Operating Segments |  |
Segment Reporting Information [Line Items] |  |
Segment assets | 3,080,162 | 3,010,308
Inventory assets | 2,635,959 | 2,572,818
Operating Segments | Valencia |  |
Segment Reporting Information [Line Items] |  |
Segment assets | 1,015,341 | 914,583
Inventory assets | 979,641 | 876,172
Operating Segments | San Francisco |  |
Segment Reporting Information [Line Items] |  |
Segment assets | 1,470,101 | 1,424,819
Inventory assets | 1,468,712 | 1,421,908
Operating Segments | Great Park |  |
Segment Reporting Information [Line Items] |  |
Segment assets | 474,297 | 670,906
Inventory assets | 187,606 | 274,738
Operating Segments | Hearthstone |  |
Segment Reporting Information [Line Items] |  |
Segment assets | 120,423 | 0
Inventory assets | 0 | 0
Unallocated | Great Park |  |
Segment Reporting Information [Line Items] |  |
Segment assets | (401,984) | (562,598)
Inventory assets | (187,606) | (274,738)
Unallocated | Great Park Segment |  |
Segment Reporting Information [Line Items] |  |
The Company’s investment in the Great Park Venture | 114,749 | 151,647
Corporate and unallocated |  |
Segment Reporting Information [Line Items] |  |
Segment assets | 392,355 | 477,060
Inventory assets | $ 0 | $ 0

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