v3.26.1
Presentation of Financial Statements and Significant Accounting Policies - Narrative (Details) - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Dec. 31, 2025
May 31, 2025
Sep. 30, 2024
Jun. 30, 2026
Mar. 31, 2026
Mar. 31, 2025
Sep. 30, 2024
Jun. 30, 2025
Dec. 31, 2025
Apr. 30, 2026
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Settlement amount   $ 147,000 $ 186,000       $ 186,000      
Related accrued interest   14,100 9,300       9,300      
Future MUD receivables   95,900 40,000       40,000      
Total cash consideration   180,000 176,700       176,700      
Cash consideration allocated to sale of existing MUD receivables   112,800 146,700       146,700      
Cash consideration allocated to future receivables   67,200 $ 30,000              
Loss on sale of MUD receivables   $ (48,200)         $ (48,700)      
Remaining liability $ 64,400       $ 60,700       $ 64,400  
Debt instrument, unamortized discount 12,800       8,100       12,800  
Investment income, amortization of discount         4,700 $ 2,500        
Assets 9,733,644       10,332,644       9,733,644  
Noncontrolling interests 66,790       67,109       66,790  
Amortized cost basis of financing receivables 560,300       634,900       560,300  
Accrued interest on financing receivables 48,200       $ 53,500       $ 48,200  
Financing receivable threshold period past due         30 days          
Subsequent Event                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Total cash consideration                   $ 17,500
Floreo Joint Venture                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Related party receivables           $ 6,000        
Teravalis Acquisition                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Ownership interest         88.00%       88.00%  
Percentage of minimum required capital contribution         12.00%     12.00% 12.00%  
Assets 543,900       $ 544,500       $ 543,900  
Noncontrolling interests $ 65,200       $ 65,300       $ 65,200  
Ilima Acquisition                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Variable interest entity predevelopment activity percentage         100.00%          
Variable interest entity contribution amount         $ 5,000          
Howard Hughes Holdings Inc. | Private Placement | Forecast                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Sale of stock, consideration received on transaction       $ 1,000,000            
Howard Hughes Holdings Inc. | Vantage Group Holdings Ltd.                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Acquisition interest 100.00%               100.00%  
Purchase price $ 2,100,000                  
Sale of stock, consideration received on transaction 1,000,000                  
Payments to acquire businesses, gross 1,200,000                  
Cash $ 900,000               $ 900,000  
Ilima | Ilima Acquisition                    
Accounts, Notes, Loans and Financing Receivable [Line Items]                    
Variable interest entity ownership percentage         100.00%       100.00%