v3.26.1
Joint Ventures - Unconsolidated JV - Balance Sheets (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Mar. 31, 2026
Dec. 31, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
ASSETS            
Investment in real estate, net $ 990,775   $ 1,004,858      
Cash and cash equivalents 117,315   129,614 $ 88,158    
Other assets 91,581   73,782      
Total assets 1,508,347   1,518,426      
LIABILITIES AND EQUITY            
Debt, net 370,324   391,159      
Accounts payable and other liabilities 63,687   48,297      
Equity (deficit) 772,967 $ 774,397 775,625 $ 749,950 $ 739,053 $ 736,735
Total liabilities and equity 1,508,347   1,518,426      
Pier Park TPS JV            
LIABILITIES AND EQUITY            
Assets contributed     3,100      
Cumulative distributions     2,900      
Pier Park TPS JV | Pier Park TPS JV Partner            
LIABILITIES AND EQUITY            
Assets contributed     3,100      
Cumulative distributions     2,900      
Unconsolidated joint ventures            
ASSETS            
Investment in real estate, net 192,450   211,335      
Cash and cash equivalents 43,669   13,791      
Other assets 4,872   3,961      
Total assets 240,991   229,087      
LIABILITIES AND EQUITY            
Debt, net 76,830   79,259      
Accounts payable and other liabilities 35,469   32,914      
Equity (deficit) 128,692   116,914      
Total liabilities and equity 240,991   229,087      
Latitude Margaritaville Watersound JV            
ASSETS            
Investment in real estate, net 93,104   108,617      
Cash and cash equivalents 39,248   11,121      
Other assets 1,749   1,089      
Total assets 134,101   120,827      
LIABILITIES AND EQUITY            
Accounts payable and other liabilities 33,037   30,670      
Equity (deficit) 101,064   90,157      
Total liabilities and equity 134,101   120,827      
Watersound Fountains Independent Living JV            
ASSETS            
Investment in real estate, net 46,483   47,929      
Cash and cash equivalents 812   301      
Other assets 416   189      
Total assets 47,711   48,419      
LIABILITIES AND EQUITY            
Debt, net 40,869   41,037      
Accounts payable and other liabilities 925   992      
Equity (deficit) 5,917   6,390      
Total liabilities and equity 47,711   48,419      
Pier Park TPS JV            
ASSETS            
Investment in real estate, net 11,256   11,469      
Cash and cash equivalents 798   253      
Other assets 250   182      
Total assets 12,304   11,904      
LIABILITIES AND EQUITY            
Debt, net 10,728   12,802      
Accounts payable and other liabilities 305   181      
Equity (deficit) 1,271   (1,079)      
Total liabilities and equity 12,304   11,904      
Pier Park RI JV            
ASSETS            
Investment in real estate, net 29,434   30,773      
Cash and cash equivalents 1,133   250      
Other assets 161   246      
Total assets 30,728   31,269      
LIABILITIES AND EQUITY            
Debt, net 16,011   15,965      
Accounts payable and other liabilities 397   321      
Equity (deficit) 14,320   14,983      
Total liabilities and equity 30,728   31,269      
Busy Bee JV            
ASSETS            
Investment in real estate, net 7,394   7,643      
Cash and cash equivalents 822   1,005      
Other assets 1,895   1,701      
Total assets 10,111   10,349      
LIABILITIES AND EQUITY            
Debt, net 4,849   5,025      
Accounts payable and other liabilities 690   343      
Equity (deficit) 4,572   4,981      
Total liabilities and equity 10,111   10,349      
Electric Cart Watersound JV            
ASSETS            
Investment in real estate, net 4,779   4,904      
Cash and cash equivalents 745   712      
Other assets 381   529      
Total assets 5,905   6,145      
LIABILITIES AND EQUITY            
Debt, net 4,373   4,430      
Accounts payable and other liabilities 115   354      
Equity (deficit) 1,417   1,361      
Total liabilities and equity 5,905   6,145      
Watersound Management JV            
ASSETS            
Cash and cash equivalents 111   149      
Other assets 20   25      
Total assets 131   174      
LIABILITIES AND EQUITY            
Accounts payable and other liabilities     53      
Equity (deficit) 131   121      
Total liabilities and equity $ 131   $ 174