Annual report pursuant to Section 13 and 15(d)

INVESTMENTS IN UNCONSOLIDATED ENTITIES - Summary of Condensed Financial Information Related to Unconsolidated Equity Method Joint Ventures, Assets Liabilities and Equity (Details)

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INVESTMENTS IN UNCONSOLIDATED ENTITIES - Summary of Condensed Financial Information Related to Unconsolidated Equity Method Joint Ventures, Assets Liabilities and Equity (Details) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Assets        
Real estate $ 4,721,291 $ 4,358,263    
Other assets 1,503,309 1,325,356    
Total assets 6,353,134 5,772,101    
Equity of:        
Meritage 4,611,900 3,949,611 $ 3,044,389 $ 2,347,868
Total liabilities and stockholders’ equity 6,353,134 5,772,101    
Equity Method Investment, Nonconsolidated Investee or Group of Investees        
Assets        
Cash 3,546 3,389    
Real estate 28,395 17,965    
Other assets 6,514 11,653    
Total assets 38,455 33,007    
Liabilities and equity:        
Accounts payable and other liabilities 6,537 11,397    
Equity of:        
Meritage [1] 16,279 10,356    
Other 15,639 11,254    
Total liabilities and stockholders’ equity $ 38,455 $ 33,007    
[1] Balance represents Meritage’s interest, as reflected in the financial records of the respective joint ventures. This balance may differ from the balance reported in our consolidated financial statements due to the following reconciling items: (i) timing differences for revenue and distributions recognition, (ii) step-up basis and corresponding amortization, (iii) capitalization of interest on qualified assets, (iv) income deferrals as discussed in Note (2) below and (v) the cessation of allocation of losses from joint ventures in which we have previously written down our investment balance to zero and where we have no commitment to fund additional losses.