v3.25.4
Equity Method Investments (Tables)
12 Months Ended
Dec. 31, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Equity Method Investments
The following table sets forth our ownership interests in our equity method investments and their respective carrying values (dollars in thousands):
Carrying Value at December 31,
Lessee/Fund/DescriptionOwnership Interest20252024
Las Vegas Retail Complex (a) (b)
47.50%$250,567 $248,972 
Kesko Senukai (c)
70.00%34,732 26,773 
Harmon Retail Corner (b)
15.00%23,641 24,169 
CESH (d)
2.43%1,238 1,201 
$310,178 $301,115 
__________
(a)See “Las Vegas Retail Complex” below for discussion of this equity method investment.
(b)This investment is reported using the hypothetical liquidation at book value model, which may be different than pro rata ownership percentages, primarily due to the capital structure of the partnership agreement.
(c)The carrying value of this investment is affected by fluctuations in the exchange rate of the euro.
(d)We have elected to account for our investment in CESH at fair value by selecting the equity method fair value option available under GAAP.