v3.25.2
Joint Ventures - Unconsolidated JV - Statements of Operations (Details)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
USD ($)
Transaction
Jun. 30, 2024
USD ($)
Transaction
Jun. 30, 2025
USD ($)
Transaction
Jun. 30, 2024
USD ($)
Transaction
Summarized financial information        
Total revenue $ 129,082 $ 111,606 $ 223,279 $ 199,392
Expenses:        
Cost of revenue 73,694 61,835 132,287 115,386
Depreciation and amortization 11,986 11,295 24,117 22,477
Total expenses 92,122 78,977 169,426 150,811
Operating income 36,960 32,629 53,853 48,581
Other (expense) income:        
Interest expense (7,760) (8,519) (15,535) (17,072)
Other income (expense), net (226) (102) (454) (562)
Total other income, net 2,763 196 8,346 1,995
Net income 29,774 24,524 46,442 37,626
Unconsolidated joint ventures        
Summarized financial information        
Total revenue 89,921 94,096 213,153 189,857
Expenses:        
Cost of revenue 66,901 74,455 160,148 149,271
Other operating expenses 4,333 5,541 9,044 10,127
Depreciation and amortization 1,997 1,642 4,604 2,548
Total expenses 73,231 81,638 173,796 161,946
Operating income 16,690 12,458 39,357 27,911
Other (expense) income:        
Interest expense (1,430) (1,431) (2,804) (2,246)
Other income (expense), net (15) 77 (777) 211
Total other income, net (1,445) (1,354) (3,581) (2,035)
Net income 15,245 11,104 35,776 25,876
Latitude Margaritaville Watersound JV        
Summarized financial information        
Total revenue 79,878 84,571 196,280 174,780
Expenses:        
Cost of revenue 58,543 65,861 144,745 134,825
Other operating expenses 4,333 5,541 9,044 10,127
Depreciation and amortization 155 132 287 265
Total expenses 63,031 71,534 154,076 145,217
Operating income 16,847 13,037 42,204 29,563
Other (expense) income:        
Other income (expense), net 22 51 65 83
Total other income, net 22 51 65 83
Net income $ 16,869 $ 13,088 $ 42,269 $ 29,646
Latitude Margaritaville Watersound JV | Residential homes        
Other (expense) income:        
Number of home sale transactions | Transaction 137 163 329 340
Watersound Fountains Independent Living JV        
Summarized financial information        
Total revenue $ 801 $ 326 $ 1,542 $ 422
Expenses:        
Cost of revenue 1,108 1,234 2,323 1,971
Depreciation and amortization 753 420 1,505 638
Total expenses 1,861 1,654 3,828 2,609
Operating income (1,060) (1,328) (2,286) (2,187)
Other (expense) income:        
Interest expense (696) (786) (1,383) (1,286)
Other income (expense), net 15 21 20 30
Total other income, net (681) (765) (1,363) (1,256)
Net income (1,741) (2,093) (3,649) (3,443)
Pier Park TPS JV        
Summarized financial information        
Total revenue 1,566 1,541 2,213 2,309
Expenses:        
Cost of revenue 905 851 1,569 1,500
Depreciation and amortization 196 360 556 720
Total expenses 1,101 1,211 2,125 2,220
Operating income 465 330 88 89
Other (expense) income:        
Interest expense (175) (190) (344) (379)
Other income (expense), net 2 4 2 8
Total other income, net (173) (186) (342) (371)
Net income 292 144 (254) (282)
Pier Park RI JV        
Summarized financial information        
Total revenue 1,750 1,274 2,534 1,274
Expenses:        
Cost of revenue 931 739 1,634 739
Depreciation and amortization 691 533 1,858 533
Total expenses 1,622 1,272 3,492 1,272
Operating income 128 2 (958) 2
Other (expense) income:        
Interest expense (450) (331) (861) (331)
Other income (expense), net (1)   (705)  
Total other income, net (451) (331) (1,566) (331)
Net income (323) (329) (2,524) (329)
Busy Bee JV        
Summarized financial information        
Total revenue 4,206 4,455 7,128 7,606
Expenses:        
Cost of revenue 3,907 4,130 6,826 7,204
Depreciation and amortization 139 136 273 269
Total expenses 4,046 4,266 7,099 7,473
Operating income 160 189 29 133
Other (expense) income:        
Interest expense (35) (41) (69) (83)
Other income (expense), net (60) 1 (172) 90
Total other income, net (95) (40) (241) 7
Net income 65 149 (212) 140
Electric Cart Watersound JV        
Summarized financial information        
Total revenue 1,103 1,361 2,176 2,286
Expenses:        
Cost of revenue 973 1,143 1,926 1,970
Depreciation and amortization 63 61 125 123
Total expenses 1,036 1,204 2,051 2,093
Operating income 67 157 125 193
Other (expense) income:        
Interest expense (74) (83) (147) (167)
Other income (expense), net 7   13  
Total other income, net (67) (83) (134) (167)
Net income   74 (9) 26
Watersound Management JV        
Summarized financial information        
Total revenue 617 568 1,280 1,180
Expenses:        
Cost of revenue 534 497 1,125 1,062
Total expenses 534 497 1,125 1,062
Operating income 83 71 155 118
Other (expense) income:        
Net income $ 83 $ 71 $ 155 $ 118