Annual report [Section 13 and 15(d), not S-K Item 405]

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, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Assets        
Real estate $ 5,987,120 $ 5,728,775    
Other assets 1,403,729 1,212,739    
Total assets 7,622,287 7,162,654    
Equity of:        
Meritage 5,195,643 5,141,573 $ 4,611,900 $ 3,949,611
Total liabilities and stockholders’ equity 7,622,287 7,162,654    
Equity Method Investment, Nonconsolidated Investee or Group of Investees        
Assets        
Cash 3,516 4,434    
Real estate 181,166 66,443    
Other assets 6,748 7,286    
Total assets 191,430 78,163    
Liabilities and equity:        
Accounts payable and other liabilities 8,448 7,148    
Equity of:        
Meritage [1] 57,268 27,735    
Other 125,714 43,280    
Total liabilities and stockholders’ equity $ 191,430 $ 78,163    
[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.