v3.26.1
Fair Value Measures (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table summarizes assets and liabilities measured at fair value on a recurring basis:
Fair Value Measurements
AmountLevel 1Level 2Level 3
3/31/2026
Investments in real estate ventures$8,892 $— $— $8,892 
Deferred compensation plan assets1,179 1,179 — — 
Equity investments
Variable voting shares - Jericho1,658 1,658 — — 
Stock warrants - Jericho276 — 276 — 
Deferred compensation plan liabilities1,203 1,203 — — 
12/31/2025
Investments in real estate ventures$4,288 $— $— $4,288 
Deferred compensation plan assets897 897 — — 
Deferred compensation plan liabilities960 960 — — 
Fair Value Measurement Inputs and Valuation Techniques
The following table summarizes information about the significant unobservable inputs used in recurring fair value measurements categorized within Level 3:
AmountValuation
Technique(s)
Unobservable
Input(s)
Range (Wtd. Avg.)(1)
3/31/2026
Investments in real estate ventures$8,892 Income approachCapitalization rate
5.25% - 7.45% (5.63%)
Discount rate
7.10% - 8.50% (7.28%)
12/31/2025
Investments in real estate ventures$4,288 Income approachCapitalization rate
5.25% - 7.45% (5.63%)
Discount rate
7.05% - 8.50% (7.23%)
(1)
Range represents to lowest and highest iteration of the input used across all valuation models. Weighted averages were calculated using the relative fair value of the instruments