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, 2022
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Assets        
Real estate $ 4,358,263 $ 3,734,408    
Other assets 1,325,356 976,682    
Total assets 5,772,101 4,807,533    
Equity of:        
Meritage 3,949,611 3,044,389 $ 2,347,868 $ 1,973,990
Total liabilities and stockholders’ equity 5,772,101 4,807,533    
Equity Method Investment, Nonconsolidated Investee or Group of Investees        
Assets        
Cash 3,389 7,983    
Real estate 17,965 7,989    
Other assets 11,653 3,903    
Total assets 33,007 19,875    
Liabilities and equity:        
Accounts payable and other liabilities 11,397 7,899    
Equity of:        
Meritage [1] 10,356 4,752    
Other 11,254 7,224    
Total liabilities and stockholders’ equity $ 33,007 $ 19,875    
[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.