Consolidated Statements of Cash Flows (unaudited) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
OPERATING ACTIVITIES
Net loss (including net income or loss attributable to non-controlling interests)	$ (3,208)	$ (10,402)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	2,425	2,064
Amortization of stock-based compensation	2,141	976
Impairment of Real Estate	0	(925)
Equity loss from unconsolidated entities	10	84
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	0	(22)
Changes in operating assets and liabilities:
Restricted cash	(8,818)	334
Receivables, net	(200)	406
Land and other inventories	(111,226)	(32,071)
Assets held for sale	19,537	(1,228)
Income tax receivable	0	1,293
Prepaid expenses and other assets	469	744
Accounts payable, estimated development liability, and accrued and other liabilities	14,168	5,298
Customer deposits and deferred revenues	2,105	2,310
NET CASH USED IN OPERATING ACTIVITIES	(82,597)	(31,095)
INVESTING ACTIVITIES
Investment in property and equipment	(549)	(856)
Proceeds from sales of property and equipment	12	0
Acquisition of Royal Oak Homes	(62,684)	0
Investment in unconsolidated entities	(1,955)	(99)
Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital	33	0
NET CASH USED IN INVESTING ACTIVITIES	(65,143)	(955)
Proceeds from Issuance of Common Stock	0	35,805
Proceeds from Issuance of Preferred Stock and Preference Stock	0	92,042
Proceeds from Issuance of Long-term Debt	200,000	0
Payments of Debt Issuance Costs	9,220	0
FINANCING ACTIVITIES
Principal payments of notes	(5,421)	0
Other financing activities, net	(501)	555
NET CASH PROVIDED BY FINANCING ACTIVITIES	184,858	128,402
INCREASE IN CASH AND CASH EQUIVALENTS	37,118	96,352
Cash and cash equivalents at beginning of period	144,727	79,815
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 181,845	$ 176,167