v3.26.1
Segment Information - Schedule of Segment Reporting Information 1 (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Segment Reporting Information [Line Items]    
Total revenues $ 85,965 $ 83,222
Property operating expense 23,792 22,255
Property management fee 1,550 1,491
Real estate taxes and insurance 6,258 6,544
Advisory and administrative fees 17,073 14,165
Property general and administrative expenses 6,706 7,405
Corporate general and administrative expenses 11,901 12,803
Depreciation and amortization 17,739 15,600
Impairment loss 2,328 7,110
Interest expense 26,604 28,352
Equity in (income) losses of unconsolidated equity method ventures 1,289 (129)
Change in unrealized (gains) losses from non-real estate investments 103,904 1,348
Realized (gains) losses from non-real estate investments (5,994) 21,479
Gain on sales of real estate (37) 0
Income tax expense (benefit) (111) 1,372
Net loss (127,037) (56,573)
Diversified    
Segment Reporting Information [Line Items]    
Total revenues 55,326 52,990
Property operating expense 7,081 6,517
Property management fee 670 734
Real estate taxes and insurance 4,343 4,836
Advisory and administrative fees 13,175 13,286
Property general and administrative expenses 2,475 2,878
Corporate general and administrative expenses 10,574 9,947
Depreciation and amortization 13,245 11,698
Impairment loss 576 0
Interest expense 14,682 17,443
Equity in (income) losses of unconsolidated equity method ventures 1,289 (129)
Change in unrealized (gains) losses from non-real estate investments 103,904 1,348
Realized (gains) losses from non-real estate investments (5,994) 21,479
Gain on sales of real estate 0 0
Income tax expense (benefit) 262 1,441
Net loss (110,956) (38,488)
Hospitality    
Segment Reporting Information [Line Items]    
Total revenues 30,639 30,232
Property operating expense 16,711 15,738
Property management fee 880 757
Real estate taxes and insurance 1,915 1,708
Advisory and administrative fees 3,898 879
Property general and administrative expenses 4,231 4,527
Corporate general and administrative expenses 1,327 2,856
Depreciation and amortization 4,494 3,902
Impairment loss 1,752 7,110
Interest expense 11,922 10,909
Equity in (income) losses of unconsolidated equity method ventures 0 0
Change in unrealized (gains) losses from non-real estate investments 0 0
Realized (gains) losses from non-real estate investments 0 0
Gain on sales of real estate (37) 0
Income tax expense (benefit) (373) (69)
Net loss $ (16,081) $ (18,085)