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, 2021
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Assets        
Real estate $ 3,734,408 $ 2,778,039    
Other assets 976,682 1,022,475    
Total assets 4,807,533 3,864,398    
Equity of:        
Meritage 3,044,389 2,347,868 $ 1,973,990 $ 1,720,755
Total liabilities and stockholders’ equity 4,807,533 3,864,398    
Equity Method Investment, Nonconsolidated Investee or Group of Investees        
Assets        
Cash 7,983 4,656    
Real estate 7,989 5,745    
Other assets 3,903 5,118    
Total assets 19,875 15,519    
Liabilities and equity:        
Accounts payable and other liabilities 7,899 5,588    
Equity of:        
Meritage [1] 4,752 5,330    
Other 7,224 4,601    
Total liabilities and stockholders’ equity $ 19,875 $ 15,519    
[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. As discussed in Note 2 to these consolidated financial statements, the balances above do not include $208,000, $217,000 and $279,000 of capitalized interest that is a component of our investment balances at December 31, 2021, 2020 and 2019, respectively.