Real Estate

Real estate consists of:



	March 31, 2018		December 31, 2017
	(In thousands)
Entitled, developed and under development projects	$	258,873	$	127,442
Other real estate costs	2,834		2,938
	$	261,707	$	130,380

During the three months ended March 31, 2018, we acquired 14 new projects for $130,487,000 representing nearly 5,500 planned residential lots. At March 31, 2018, we owned or controlled through land and lot option purchase contracts 13,600 residential lots, of which 3,300 are under contract to sell to D.R. Horton. Additionally, D.R. Horton has the right of first offer on 5,400 of these residential lots based on executed purchase and sale agreements. At March 31, 2018, we also have 500 lots under contract to sell to other builders.