Quarterly report pursuant to Section 13 or 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
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Dec. 31, 2022
Assets        
Real estate $ 4,914,512   $ 4,721,291  
Other assets 1,433,237   1,503,309  
Total assets 6,489,305   6,353,134  
Equity of:        
Meritage 4,720,573 $ 4,067,210 4,611,900 $ 3,949,611
Total liabilities and stockholders’ equity 6,489,305   6,353,134  
(Loss)/earnings from financial services unconsolidated entities and other, net 972 1,346    
Unconsolidated entities        
Equity of:        
(Loss)/earnings from financial services unconsolidated entities and other, net 1,453 $ 1,165    
Equity Method Investment, Nonconsolidated Investee        
Assets        
Real estate 31,346   28,395  
Other assets 6,407   6,514  
Total assets 41,385   38,455  
Liabilities and equity:        
Accounts payable and other liabilities 6,549   6,537  
Equity of:        
Meritage [1] 17,995   16,279  
Other 16,841   15,639  
Total liabilities and stockholders’ equity 41,385   38,455  
Cash 3,632   3,546  
Cash $ 3,632   $ 3,546  
[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 the accompanying unaudited 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.