v3.26.1
Income Taxes - Schedule of Company's Deferred Tax Liabilities (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Deferred tax assets    
Total deferred tax assets, net of valuation allowance $ 170,227 $ 109,282
Deferred tax liabilities    
Total deferred tax liabilities 254,781 186,615
Deferred tax liabilities, net 84,554 77,333
Land Basis Adjustments, Spin-Off and Acquired Rausch Land Assets    
Deferred tax liabilities    
Total deferred tax liabilities 56,824 56,824
Deferred Option Fee Revenue    
Deferred tax liabilities    
Total deferred tax liabilities 184,962 115,810
Homesite Takedown Adjustments    
Deferred tax liabilities    
Total deferred tax liabilities 12,995 13,981
Capitalized Interest Expense    
Deferred tax assets    
Total deferred tax assets, net of valuation allowance 124,403 67,458
Capitalized Management Fee Expense    
Deferred tax assets    
Total deferred tax assets, net of valuation allowance 16,285 11,200
Net Operating Loss Carryforward    
Deferred tax assets    
Total deferred tax assets, net of valuation allowance $ 29,539 $ 30,624