Consolidated Statements of Cash Flows (unaudited) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
OPERATING ACTIVITIES
Net loss	$ (9,427)	$ (18,354)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	1,344	2,189
Amortization of stock-based compensation	615	845
Impairment of land and other inventories	45	3,580
Loss from unconsolidated entities	78	79
Loss from disposal of assets	22	0
Changes in operating assets and liabilities:
Restricted cash	(43)	2,352
Receivables, net	(83)	(601)
Land and other inventories	(17,087)	1,898
Assets held for sale	9,166	4,000
Prepaid expenses and other assets	372	(958)
Accounts payable, estimated development liability, and accrued and other liabilities	1,395	684
Customer deposits and deferred revenues	1,668	(131)
NET CASH USED IN OPERATING ACTIVITIES	(11,935)	(4,417)
INVESTING ACTIVITIES
Investment in property and equipment	(764)	(2,336)
Return of capital from unconsolidated entities	0	13
Investment in unconsolidated entities	(95)	(66)
NET CASH USED IN INVESTING ACTIVITIES	(859)	(2,389)
FINANCING ACTIVITIES
TPG Investment	35,805	0
Issuance of preferred shares	93,206	0
Contributions from consolidated joint venture partner	401	189
Distributions to consolidated joint venture partner	0	(1,785)
Payment of withholding taxes related to restricted stock and units withheld	(34)	(36)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	129,378	(1,632)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	116,584	(8,438)
Cash and cash equivalents at beginning of period	79,815	124,316
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 196,399	$ 115,878