Income Taxes (Tables)

12 Months Ended

Dec. 31, 2011

Income Taxes [Abstract]

Consolidated benefit (provision) for income taxes from operations

		September 30,		September 30,		September 30,
	2011		2010		2009
Current tax benefit (provision):
Federal	$	—	$	720	$	4,605
State		186		359		(49	)
		186		1,079		4,556
Deferred tax benefit (provision):
Federal		—		—		(7,984	)
State		—		—		(913	)
		—		—		(8,897	)
Benefit (provision) for income taxes from operations	$	186	$	1,079	$	(4,341	)

Difference between income tax benefit and statutory federal income tax rate

		September 30,			September 30,			September 30,			September 30,			September 30,			September 30,
	2011						2010						2009
	Amount			Rate			Amount			Rate			Amount			Rate
Federal income tax benefit	$	35,112			35	%	$	1,832			35	%	$	39,175			35	%
State income tax benefit, net of federal income tax effect		121			0	%		141			3	%		3,625			4	%
Valuation allowance		(34,191	)		(34	)%		(894	)		(17	)%		(47,141	)		(43	)%
Other		(856	)		(1	)%		—			—			—			—
Benefit (provision) applicable to income (loss) from continuing operations	$	186			0	%	$	1,079			21	%	$	(4,341	)		(4	)%

Tax effect of significant temporary differences representing deferred tax assets and liabilities

		September 30,			September 30,
	2011			2010
Income from unconsolidated joint ventures	$	26,009		$	5,519
Residential lots, land and outparcels		20,248			—
Long-term incentive equity awards		1,608			1,281
For-sale multi-family units basis differential		269			2,519
Interest carryforward		13,158			13,158
Federal and state tax carryforwards		23,883			25,464
Other		860			(5	)
Total deferred tax assets		86,035			47,936
Valuation allowance		(86,035	)		(47,936	)
Net deferred tax asset	$	—		$	—