v3.26.1
Income Taxes
 3 Months Ended
Mar. 31, 2026
Income Tax Disclosure [Abstract]  
Income Taxes

21. Income Taxes

The Partnership recognizes income tax expense for federal, state, and local income taxes incurred by the Greens Hold Co, which owned The 50/50 MF Property until December 2022, and also owns certain property loans and real estate. The following table summarizes income tax expense (benefit) for the three months ended March 31, 2026 and 2025:

 

 

 

For the Three Months Ended March 31,

 

 

2026

 

 

2025

 

 

Current income tax benefit

 

$

(3,554

)

 

$

(3,960

)

 

Deferred income tax expense

 

 

881

 

 

 

1,227

 

 

Total income tax benefit

 

$

(2,673

)

 

$

(2,733

)

 

The Partnership evaluated whether it is more likely than not that its deferred income tax assets will be realizable. There was no valuation allowance recorded as of March 31, 2026 and December 31, 2025.