Other Liabilities (Tables)

6 Months Ended

Jun. 30, 2026

Other Liabilities Disclosure [Abstract]

Other liabilities as of June 30, 2026 and December 31, 2025 were as follows:


	June 30,		December 31,
(in thousands)	2026		2025
Dividend payable (1)	$	127,857	$	124,503
Seller notes payable (2)		13,000		13,000
Accrued interest payable (3)		50,978		47,576
Other accrued liabilities (4)		584		367
Total other liabilities	$	192,419	$	185,446

(1)

Dividend payable as of June 30, 2026 relates to the dividend declared by the Company on June 23, 2026 and paid on July 15, 2026. Dividend payable as of December 31, 2025 relates to the dividend declared by the Company on December 22, 2025 and paid on January 15, 2026. See Note 11. Stockholders' Equity.

(2)

Seller note payable as of June 30, 2026 and December 31, 2025 relates to a lender specific to a community acquired from Lennar.

(3)

Includes accrued interest payable related to the Revolving Credit Facility of $6.5 million, Senior Notes of $44.1 million, and DDTL Credit Facility of $0.4 million as of June 30, 2026, and accrued interest payable for Revolving Credit Facility of $1.2 million and Senior Notes of $46.4 million as of December 31, 2025.

(4)

As of June 30, 2026, includes accrued debt issuance costs of $0.1 million, other deposits of $0.3 million, accrued dividend equivalent rights for holders of unvested RSUs granted under the 2024 Incentive Plan of $0.1 million, and other payables of $0.1 million. As of December 31, 2025, primarily

includes accrued debt issuance costs of $0.2 million, other deposits of $0.1 million, and accrued dividend equivalent rights for holders of unvested RSUs granted under the 2024 Incentive Plan of $0.1 million.