Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets - (Unaudited)

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Consolidated Balance Sheets - (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 133,491 $ 123,634
Cash held in escrow 10,956 17,101
Real estate inventories 1,155,661 1,093,369
Due from affiliates 4,232 3,744
Goodwill 68,639 68,639
Other assets 104,108 134,009
Total assets 1,477,087 1,440,496
Liabilities    
Accounts payable 72,287 74,445
Accrued expenses and other liabilities $ 150,079 $ 149,426
Other Liability, Related Party, Type [Extensible Enumeration] Related Party Related Party
Due to affiliates $ 881 $ 884
Line of credit facility, net  317,010 505,422
Senior notes, net 235,383 0
Total liabilities 775,640 730,177
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 50,000,000 shares authorized, none issued and outstanding as of September 30, 2023 and December 31, 2022, respectively 0 0
Common stock, $0.0001 par value, 500,000,000 shares authorized, 41,382,453 issued and 37,795,191 outstanding as of September 30, 2023, 42,110,794 issued and 40,884,268 outstanding as of December 31, 2022 4 4
Additional paid-in capital 477,837 497,598
Retained earnings 175,109 158,348
Total stockholders’ equity 652,950 655,950
Noncontrolling interests 48,497 54,369
Total equity 701,447 710,319
Total liabilities and equity $ 1,477,087 $ 1,440,496