Income Taxes - Schedule of Company's Deferred Tax Liabilities (Details) $ in Thousands	Dec. 31, 2025 USD ($)
Deferred tax assets
Total deferred tax assets, net of valuation allowance	$ 109,282
Deferred tax liabilities
Total deferred tax liabilities	186,615
Deferred tax liabilities, net	77,333
Land Basis Adjustments, Spin-Off and Acquired Rausch Land Assets
Deferred tax liabilities
Total deferred tax liabilities	56,824
Deferred Option Fee Revenue
Deferred tax liabilities
Total deferred tax liabilities	115,810
Homesite Takedown Adjustments
Deferred tax liabilities
Total deferred tax liabilities	13,981
Capitalized Interest Expense
Deferred tax assets
Total deferred tax assets, net of valuation allowance	67,458
Capitalized Management Fee Expense
Deferred tax assets
Total deferred tax assets, net of valuation allowance	11,200
Net Operating Loss Carryforward
Deferred tax assets
Total deferred tax assets, net of valuation allowance	$ 30,624