v3.26.1
Revenues (Tables)
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Summary of revenue disaggregated by revenue source
The following presents the Company’s revenues disaggregated by revenue source:
Three Months Ended March 31,
thousands20262025
Revenues from contracts with customers
Recognized at a point in time:
Condominium rights and unit sales$3,134 $342 
Master Planned Communities land sales99,573 71,642 
Builder price participation8,682 9,287 
Total111,389 81,271 
Recognized at a point in time or over time:
Other revenues10,979 9,644 
Rental and lease-related revenues
Rental revenue113,549 108,413 
Total revenues$235,917 $199,328 
Summary of contract with customer, assets and liabilities The beginning and ending balances of contract liabilities and significant activity during the periods presented are as follows:
thousands
Balance at December 31, 2025
$896,896 
Consideration earned during the period(22,914)
Consideration received during the period44,476 
Balance at March 31, 2026
$918,458 
Balance at December 31, 2024
$584,536 
Consideration earned during the period(14,665)
Consideration received during the period29,119 
Balance at March 31, 2025
$598,990 
Summary of remaining performance obligation, expected timing of satisfaction The Company expects to recognize this amount as revenue over the following periods:
thousandsLess than 1 year1-2 years3 years and thereafter
Total remaining unsatisfied performance obligations$1,079,542 $456,264 $3,039,995