Quarterly report pursuant to Section 13 or 15(d)

Variable Interest Entities (Tables)

v3.22.2
Variable Interest Entities (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2022 and December 31, 2021.

June 30, 2022 December 31, 2021
(dollars in thousands)
Cash $ 9,806  $ 130 
Cash held in escrow 11  — 
Restricted cash —  443 
Real estate inventories 136,663  121,040 
Other assets 4,155  195 
Total assets $ 150,635  $ 121,808 
 
Accounts payable $ 1,841  $ 1,779 
Accrued expenses and other liabilities 4,733  1,400 
Due to affiliates 101  226 
Notes payable, net —  81,584 
Total liabilities $ 6,675  $ 84,989