v3.26.1
Real Estate, Net (Tables)
 3 Months Ended
Mar. 31, 2026
Real Estate [Abstract]  
Schedule of Real Estate Investment
The following is a summary of real estate, net, collectively, as of March 31, 2026 and December 31, 2025, respectively (dollar amounts in thousands):

March 31, 2026December 31, 2025
Land$59,039 $64,460 
Building and improvements431,649 454,872 
Furniture, fixture and equipment14,111 14,516 
Operating real estate
$504,799 $533,848 
Accumulated depreciation(66,621)(65,132)
Operating real estate, net$438,178 $468,716 
Real estate held for sale, net (1)
$27,668 $84,780 
Real estate, net
$465,846 $553,496 

(1)Real estate held for sale, net is recorded at the lower of the net carrying amount of the assets or the estimated fair value, net of selling costs.
Schedule of Components of Income From Real Estate And Expenses
The following table presents depreciation expense for the three months ended March 31, 2026 and 2025, respectively (dollar amounts in thousands):

For the Three Months Ended March 31,
20262025
Depreciation expense on operating real estate$4,623 $5,895 
Schedule of Assets and Liabilities of Disposal Group Held for Sale
The following table presents the pretax losses of the disposal group held for sale as of March 31, 2025 for the three months ended March 31, 2025 (dollar amounts in thousands):
For the Three Months Ended March 31, 2025
Pretax loss of disposal group held for sale
$(2,936)
Pretax loss of disposal group attributable to non-controlling interest in Consolidated VIEs
293 
Pretax loss of disposal group attributable to Company's common stockholders
$(2,643)