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Consolidated Statements of Cash Flows (unaudited) (USD $)
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
OPERATING ACTIVITIES    
Net loss (including net gain or loss attributable to non-controlling interests) $ (10,402,000) $ (29,904,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,064,000 3,522,000
Amortization of stock-based compensation 976,000 1,113,000
Impairment of land and other inventories (925,000) 7,364,000
Loss on extinguishment of debt 0 1,144,000
Loss from unconsolidated entities 84,000 117,000
Loss from disposal of assets 22,000 0
Changes in operating assets and liabilities:    
Restricted cash 334,000 2,788,000
Receivables, net 406,000 340,000
Income tax receivable 1,293,000 0
Land and other inventories (32,071,000) (6,194,000)
Assets held for sale (1,228,000) 8,028,000
Prepaid expenses and other assets 744,000 (1,116,000)
Accounts payable, estimated development liability, and accrued and other liabilities 5,298,000 (814,000)
Customer deposits and deferred revenues 2,310,000 188,000
NET CASH USED IN OPERATING ACTIVITIES (31,095,000) (13,424,000)
INVESTING ACTIVITIES    
Investment in property and equipment (856,000) (3,466,000)
Return of capital from unconsolidated entities 0 13,000
Investment in unconsolidated entities (99,000) (98,000)
NET CASH USED IN INVESTING ACTIVITIES (955,000) (3,551,000)
FINANCING ACTIVITIES    
Issuance of common shares 35,805,000 0
Issuance of preferred shares 92,042,000 0
Debt issuance costs    (1,683,000)
Contributions from consolidated joint venture partner 596,000 294,000
Distributions to consolidated joint venture partner (7,000) (1,785,000)
Payment of withholding taxes related to restricted stock and units withheld (34,000) (445,000)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 128,402,000 (3,619,000)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 96,352,000 (20,594,000)
Cash and cash equivalents at beginning of period 79,815,000 124,316,000
CASH AND CASH EQUIVALENTS AT END OF PERIOD 176,167,000  
Transfer from assets held for sale to land and other inventories and property and equipment 6,341,000  
Beneficial conversion feature (deemed dividend) (11,894,000) 0.00
Common stock issued for conversion of preferred stock $ 92,042,000