Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Assets
Cash and cash equivalents	$ 113,274	$ 180,334
Restricted cash	25,175	16,447
Land and other inventories	496,910	383,184
Receivables	3,256	2,906
Property and equipment, net	36,140	36,922
Investments in unconsolidated entities	1,179	17,991
Prepaid expenses and other assets	22,547	20,980
Assets held for sale	0	4,051
Goodwill	6,071	6,071
Total Assets	704,552	668,886
Liabilities
Accounts payable	29,370	16,087
Accrued and other liabilities	17,257	28,134
Customer deposits	10,882	4,966
Estimated development liability	32,908	33,003
Notes payable	335,211	299,956
Total Liabilities	425,628	382,146
Stockholders' Equity
Common stock	22,451	22,183
Additional paid-in capital	398,379	396,989
Accumulated deficit	(138,887)	(129,413)
Equity before treasury stock	281,943	289,759
Treasury stock	(3,019)	(3,019)
Total Stockholders' Equity	278,924	286,740
Total Liabilities and Stockholders' Equity	$ 704,552	$ 668,886