Annual report pursuant to Section 13 and 15(d)

Variable Interest Entities (Tables)

v3.22.4
Variable Interest Entities (Tables)
12 Months Ended
Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Variable Interest Entities
The following table summarizes the carrying amount and classification of the VIEs’ assets and liabilities in the consolidated balances sheets as of December 31, 2022 and 2021.

December 31, 2022 December 31, 2021
(dollars in thousands)
Cash $ 4,697  $ 130 
Restricted cash —  443 
Real estate inventories 99,699  121,040 
Due from affiliates 329  — 
Other assets 2,124  195 
Total assets $ 106,849  $ 121,808 
 
Accounts payable $ 1,577  $ 1,779 
Accrued expenses and other liabilities 5,616  1,400 
Due to affiliates —  226 
Notes payable, net —  81,584 
Total liabilities $ 7,193  $ 84,989