v3.25.2
Joint Ventures - Unconsolidated JV - Balance Sheets (Details) - USD ($)
$ in Thousands
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
ASSETS            
Investment in real estate, net $ 1,048,852   $ 1,040,428      
Cash and cash equivalents 88,158   88,756 $ 86,726    
Other assets 81,793   80,318      
Total assets 1,548,402   1,538,574      
LIABILITIES AND EQUITY            
Debt, net 427,251   437,754      
Accounts payable and other liabilities 60,741   53,969      
Equity (deficit) 749,950 $ 739,053 736,735 $ 722,386 $ 704,870 $ 698,490
Total liabilities and equity 1,548,402   1,538,574      
Unconsolidated joint ventures            
ASSETS            
Investment in real estate, net 208,492   268,263      
Cash and cash equivalents 42,826   30,594      
Other assets 5,688   5,915      
Total assets 257,006   304,772      
LIABILITIES AND EQUITY            
Debt, net 89,111   130,386      
Accounts payable and other liabilities 38,559   63,774      
Equity (deficit) 129,336   110,612      
Total liabilities and equity 257,006   304,772      
Latitude Margaritaville Watersound JV            
ASSETS            
Investment in real estate, net 102,429   157,336      
Cash and cash equivalents 39,029   27,706      
Other assets 1,735   2,092      
Total assets 143,193   187,134      
LIABILITIES AND EQUITY            
Debt, net     41,054      
Accounts payable and other liabilities 35,606   59,832      
Equity (deficit) 107,587   86,248      
Total liabilities and equity 143,193   187,134      
Watersound Fountains Independent Living JV            
ASSETS            
Investment in real estate, net 49,338   50,822      
Cash and cash equivalents 457   405      
Other assets 687   382      
Total assets 50,482   51,609      
LIABILITIES AND EQUITY            
Debt, net 41,642   41,482      
Accounts payable and other liabilities 1,013   2,794      
Equity (deficit) 7,827   7,333      
Total liabilities and equity 50,482   51,609      
Pier Park TPS JV            
ASSETS            
Investment in real estate, net 11,676   12,231      
Cash and cash equivalents 734   279      
Other assets 205   428      
Total assets 12,615   12,938      
LIABILITIES AND EQUITY            
Debt, net 12,921   13,102      
Accounts payable and other liabilities 344   128      
Equity (deficit) (650)   (292)      
Total liabilities and equity 12,615   12,938      
Pier Park RI JV            
ASSETS            
Investment in real estate, net 32,109   34,576      
Cash and cash equivalents 884   529      
Other assets 128   235      
Total assets 33,121   35,340      
LIABILITIES AND EQUITY            
Debt, net 24,712   24,608      
Accounts payable and other liabilities 512   310      
Equity (deficit) 7,897   10,422      
Total liabilities and equity 33,121   35,340      
Busy Bee JV            
ASSETS            
Investment in real estate, net 7,911   8,144      
Cash and cash equivalents 878   915      
Other assets 2,148   1,921      
Total assets 10,937   10,980      
LIABILITIES AND EQUITY            
Debt, net 5,195   5,365      
Accounts payable and other liabilities 722   382      
Equity (deficit) 5,020   5,233      
Total liabilities and equity 10,937   10,980      
Electric Cart Watersound JV            
ASSETS            
Investment in real estate, net 5,029   5,154      
Cash and cash equivalents 746   656      
Other assets 750   824      
Total assets 6,525   6,634      
LIABILITIES AND EQUITY            
Debt, net 4,641   4,775      
Accounts payable and other liabilities 362   328      
Equity (deficit) 1,522   1,531      
Total liabilities and equity 6,525   6,634      
Watersound Management JV            
ASSETS            
Cash and cash equivalents 98   104      
Other assets 35   33      
Total assets 133   137      
LIABILITIES AND EQUITY            
Equity (deficit) 133   137      
Total liabilities and equity $ 133   $ 137