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Other Liabilities
 12 Months Ended
Dec. 31, 2025
Other Liabilities Disclosure [Abstract]  
Other Liabilities

Note 7. Other Liabilities

Other liabilities as of December 31, 2025 and December 31, 2024 were as follows:

 

 

 

At December 31,

 

(in thousands)

 

2025

 

 

2024

 

Dividend payable (1)

 

$

 

124,503

 

 

$

 

—

 

Seller notes payable (2)

 

 

13,000

 

 

 

—

 

Accrued interest payable (3)

 

 

 

47,576

 

 

 

 

—

 

Other accrued liabilities (4)

 

 

 

367

 

 

 

 

—

 

Total other liabilities

 

$

 

185,446

 

 

$

 

—

 

 

(1)
Payable for dividend declared by the Company on December 22, 2025, and paid on January 15, 2026. See Note 11. Stockholders' Equity.
(2)
Loan payable to lender specific to a community acquired from Lennar.
(3)
Accrued interest payable for Revolving Credit Facility of $1.2 million and Senior Notes of $46.4 million.
(4)
Includes accrued issuance costs for Senior Notes, other deposits, and accrued dividend equivalent rights for holders of unvested RSUs granted under the 2024 Incentive Plan.