XML 77 R56.htm IDEA: XBRL DOCUMENT v3.3.1.900
Investment In Unconsolidated Ventures - Summarized Balance Sheet Information (Detail) - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Schedule of Equity Method Investments [Line Items]      
Venture Assets $ 309,626,000 $ 240,490,000  
Venture Borrowings [1] 134,662,000 102,247,000  
Venture Equity 154,738,000 110,447,000  
Investment in unconsolidated ventures 82,453,000 65,005,000 $ 41,147,000
242, LLC [Member]      
Schedule of Equity Method Investments [Line Items]      
Venture Assets [2] 26,687,000 33,021,000  
Venture Borrowings [1],[2] 0 6,940,000  
Venture Equity [2] 24,877,000 21,789,000  
Investment in unconsolidated ventures [2] 11,766,000 10,098,000  
Elan 99 LLC [Member]      
Schedule of Equity Method Investments [Line Items]      
Venture Assets 34,327,000 10,070,000  
Venture Borrowings [1]   1,000  
Venture Equity 15,838,000 9,643,000  
Investment in unconsolidated ventures 14,255,000 8,679,000  
CL Ashton Woods [Member]      
Schedule of Equity Method Investments [Line Items]      
Venture Assets [3] 7,654,000 13,269,000  
Venture Borrowings [1],[3] 0 0  
Venture Equity [3] 6,084,000 11,453,000  
Investment in unconsolidated ventures [3] 3,615,000 6,015,000  
CL Realty [Member]      
Schedule of Equity Method Investments [Line Items]      
Venture Assets 7,872,000 7,960,000  
Venture Borrowings [1] 0 0  
Venture Equity 7,662,000 7,738,000  
Investment in unconsolidated ventures 3,831,000 3,869,000  
CREA FMF [Member]      
Schedule of Equity Method Investments [Line Items]      
Venture Assets [2] 58,002,000 40,014,000  
Venture Borrowings [1],[2]   29,660,000  
Venture Equity [2] 4,291,000 5,987,000  
Investment in unconsolidated ventures [2] 3,820,000 5,516,000  
FMF Littleton [Member]      
Schedule of Equity Method Investments [Line Items]      
Venture Assets 52,528,000 26,953,000  
Construction Loan [1] 22,499,000    
Venture Borrowings [1]   0  
Venture Equity 24,370,000 24,435,000  
Investment in unconsolidated ventures 6,270,000 6,287,000  
FMF Peakview [Member]      
Schedule of Equity Method Investments [Line Items]      
Venture Assets 48,908,000 43,638,000  
Venture Borrowings [1] 30,524,000 23,070,000  
Venture Equity 16,828,000 17,464,000  
Investment in unconsolidated ventures 3,447,000 3,575,000  
FOR/SR Forsyth LLC [Member]      
Schedule of Equity Method Investments [Line Items]      
Venture Assets 6,500,000 0  
Venture Borrowings 0 0  
Venture Equity 6,500,000 0  
Investment in unconsolidated ventures 5,850,000 0  
HM Stonewall Estates [Member]      
Schedule of Equity Method Investments [Line Items]      
Venture Assets [3] 2,842,000 3,750,000  
Venture Borrowings [1],[3] 0 669,000  
Venture Equity [3] 2,842,000 3,081,000  
Investment in unconsolidated ventures [3] 1,294,000 1,752,000  
LM Land Holdings [Member]      
Schedule of Equity Method Investments [Line Items]      
Venture Assets [3] 32,008,000 25,561,000  
Venture Borrowings [1],[3] 7,752,000 4,448,000  
Venture Equity [3] 22,751,000 18,500,000  
Investment in unconsolidated ventures [3] 9,664,000 9,322,000  
MRECV DT Holdings LLC [Member]      
Schedule of Equity Method Investments [Line Items]      
Venture Assets 4,215,000 0  
Venture Borrowings [1] 0 0  
Venture Equity 4,215,000 0  
Investment in unconsolidated ventures 3,807,000 0  
MRECV Edelweiss LLC [Member]      
Schedule of Equity Method Investments [Line Items]      
Venture Assets 2,237,000 0  
Venture Borrowings [1] 0 0  
Venture Equity 2,237,000 0  
Investment in unconsolidated ventures 2,029,000 0  
MRECV Juniper Ridge LLC [Member]      
Schedule of Equity Method Investments [Line Items]      
Venture Assets 3,006,000 0  
Venture Borrowings [1] 0 0  
Venture Equity 3,006,000 0  
Investment in unconsolidated ventures 2,730,000 0  
MRECV Meadow Crossing II LLC [Member]      
Schedule of Equity Method Investments [Line Items]      
Venture Assets 728,000 0  
Venture Borrowings [1] 0 0  
Venture Equity 728,000 0  
Investment in unconsolidated ventures 655,000 0  
Miramonte Boulder Pass, LLC [Member] [Domain]      
Schedule of Equity Method Investments [Line Items]      
Venture Assets 12,627,000 0  
Venture Borrowings [1] 5,869,000 0  
Venture Equity 5,474,000 0  
Investment in unconsolidated ventures 5,349,000 0  
PSW Communities [Member]      
Schedule of Equity Method Investments [Line Items]      
Venture Assets 0 16,045,000  
Venture Borrowings [1] 0 10,515,000  
Venture Equity 0 4,415,000  
Investment in unconsolidated ventures 0 3,924,000  
Temco [Member]      
Schedule of Equity Method Investments [Line Items]      
Venture Assets 5,284,000 11,756,000  
Venture Borrowings [1] 0 0  
Venture Equity 5,113,000 11,556,000  
Investment in unconsolidated ventures 2,557,000 5,778,000  
Other Ventures [Member]      
Schedule of Equity Method Investments [Line Items]      
Venture Assets [4] 4,201,000 8,453,000  
Venture Borrowings [1],[4] 2,269,000 26,944,000  
Venture Equity [4] 1,922,000 (25,614,000)  
Investment in unconsolidated ventures [4] $ 1,514,000 $ 190,000  
[1] Total includes current maturities of $39,590,000 at year-end 2015, of which $6,798,000 is non-recourse to us, and $65,795,000 at year-end 2014, of which $42,566,000 is non-recourse to us.
[2] Includes unamortized deferred gains on real estate contributed by us to ventures. We recognize deferred gains as income as real estate is sold to third parties. Deferred gains of $1,496,000 are reflected as a reduction to our investment in unconsolidated ventures at year-end 2015.
[3] Includes unrecognized basis difference of $34,000 which is reflected as a reduction of our investment in unconsolidated ventures at year-end 2015. This difference between estimated fair value of the equity investment and our capital account within the respective ventures at closing will be accreted as income or expense over the life of the investment and included in our share of earnings (loss) from the respective ventures.
[4] Our investment in other ventures reflects our ownership interests generally ranging from 40 to 75 percent, excluding venture losses that exceed our investment where we are not obligated to fund those losses. Please read Note 16 — Variable Interest Entities for additional information.