Condensed Consolidated Statements of Operations - USD ($)
|
3 Months Ended |
9 Months Ended |
Sep. 30, 2017 |
Sep. 30, 2016 |
Sep. 30, 2017 |
Sep. 30, 2016 |
| REVENUES: |
|
|
|
|
| Land sales |
$ 2,655,000
|
$ 2,079,000
|
$ 7,859,000
|
$ 4,741,000
|
| Land sales—related party |
693,000
|
814,000
|
85,551,000
|
1,963,000
|
| Management services—related party |
5,466,000
|
5,509,000
|
16,417,000
|
8,900,000
|
| Operating properties |
2,805,000
|
2,720,000
|
7,341,000
|
7,235,000
|
| Total revenues |
11,619,000
|
11,122,000
|
117,168,000
|
22,839,000
|
| COSTS AND EXPENSES: |
|
|
|
|
| Land sales |
1,641,000
|
(594,000)
|
83,755,000
|
(843,000)
|
| Management services |
2,572,000
|
2,545,000
|
7,878,000
|
3,948,000
|
| Operating properties |
3,115,000
|
2,604,000
|
8,307,000
|
7,811,000
|
| Selling, general, and administrative |
37,427,000
|
25,351,000
|
92,536,000
|
94,768,000
|
| Management fees—related party |
0
|
0
|
0
|
1,716,000
|
| Total costs and expenses |
44,755,000
|
29,906,000
|
192,476,000
|
107,400,000
|
| EQUITY IN EARNINGS (LOSS) FROM UNCONSOLIDATED ENTITIES |
22,825,000
|
(297,000)
|
17,584,000
|
(479,000)
|
| LOSS BEFORE INCOME TAX BENEFIT |
(10,311,000)
|
(19,081,000)
|
(57,724,000)
|
(85,040,000)
|
| INCOME TAX BENEFIT |
0
|
0
|
0
|
4,456,000
|
| NET LOSS |
(10,311,000)
|
(19,081,000)
|
(57,724,000)
|
(80,584,000)
|
| LESS NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS |
(5,844,000)
|
(12,687,000)
|
(35,632,000)
|
(50,405,000)
|
| NET LOSS ATTRIBUTABLE TO THE COMPANY |
$ (4,467,000)
|
$ (6,394,000)
|
$ (22,092,000)
|
$ (30,179,000)
|
| Class A Units |
|
|
|
|
| NET LOSS ATTRIBUTABLE TO THE COMPANY PER SHARE/UNIT |
|
|
|
|
| Basic and diluted (in dollars per share) |
|
$ (0.17)
|
|
$ (0.81)
|
| WEIGHTED AVERAGE SHARES/UNITS OUTSTANDING |
|
|
|
|
| Basic and diluted (in shares) |
|
38,471,610
|
|
37,581,521
|
| Class B Units |
|
|
|
|
| NET LOSS ATTRIBUTABLE TO THE COMPANY PER SHARE/UNIT |
|
|
|
|
| Basic and diluted (in dollars per share) |
|
$ 0.00
|
|
$ 0.00
|
| WEIGHTED AVERAGE SHARES/UNITS OUTSTANDING |
|
|
|
|
| Basic and diluted (in shares) |
|
74,320,575
|
|
41,228,932
|
| Common Class A |
|
|
|
|
| NET LOSS ATTRIBUTABLE TO THE COMPANY PER SHARE/UNIT |
|
|
|
|
| Basic and diluted (in dollars per share) |
$ (0.07)
|
|
$ (0.45)
|
|
| WEIGHTED AVERAGE SHARES/UNITS OUTSTANDING |
|
|
|
|
| Basic and diluted (in shares) |
62,946,348
|
38,471,610
|
51,024,766
|
37,581,521
|
| Common Class B |
|
|
|
|
| NET LOSS ATTRIBUTABLE TO THE COMPANY PER SHARE/UNIT |
|
|
|
|
| Basic and diluted (in dollars per share) |
$ 0.00
|
$ 0.00
|
$ 0.00
|
$ 0.00
|
| WEIGHTED AVERAGE SHARES/UNITS OUTSTANDING |
|
|
|
|
| Basic and diluted (in shares) |
81,463,433
|
74,320,575
|
77,944,525
|
41,228,932
|