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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues [Abstract]      
Rental revenue $ 405,363 $ 399,103 $ 369,330
Total revenues 1,024,102 1,608,488 1,427,901
EXPENSES      
Operating costs 337,018 317,389 293,999
Rental property real estate taxes 57,650 54,033 55,398
Provision for (recovery of) doubtful accounts (2,561) 1,959 (459)
General and administrative 90,141 81,772 81,990
Depreciation and amortization 216,118 200,361 205,100
Other 13,383 11,977 10,668
Total expenses 907,216 1,270,940 1,214,525
OTHER      
Provision for impairment (672,492) 0 (13,068)
Gain (loss) on sale or disposal of real estate and other assets, net 24,162 29,678 53,079
Other income (loss), net 4,284 1,909 (11,515)
Total other (644,046) 31,587 28,496
Operating income (loss) (527,160) 369,135 241,872
Interest income 25,750 3,818 107
Interest expense (156,951) (110,891) (130,036)
Gain (loss) on extinguishment of debt (144) (2,377) (38,014)
Equity in earnings (losses) from unconsolidated ventures (55,708) (14,549) (9,852)
Income (loss) before income taxes (714,213) 245,136 64,077
Income tax expense (benefit) (163,505) 60,500 15,153
Net income (loss) (550,708) 184,636 48,924
Net (income) loss attributable to noncontrolling interests (243) (103) 7,176
Net income (loss) attributable to common stockholders, basic (550,951) 184,533 56,100
Net income (loss) attributable to common stockholders, diluted (550,951) 184,533 56,100
Condominium rights and unit sales      
Revenues [Abstract]      
Revenue 47,707 677,078 514,597
EXPENSES      
Cost of sales 55,417 483,983 414,199
Master Planned Communities land sales      
Revenues [Abstract]      
Revenue 370,185 316,065 346,217
EXPENSES      
Cost of sales 140,050 119,466 153,630
Other land, rental, and property revenues      
Revenues [Abstract]      
Revenue 139,858 144,481 152,619
Builder price participation      
Revenues [Abstract]      
Revenue $ 60,989 $ 71,761 $ 45,138