v3.26.1
Joint Ventures - Unconsolidated JV - Statements of Operations (Details)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
USD ($)
Transaction
Jun. 30, 2025
USD ($)
Transaction
Jun. 30, 2026
USD ($)
Transaction
Jun. 30, 2025
USD ($)
Transaction
Summarized financial information        
Total revenue $ 158,829 $ 129,082 $ 257,873 $ 223,279
Expenses:        
Cost of revenue 85,407 73,694 146,510 132,287
Depreciation and amortization 11,387 11,986 22,777 24,117
Total expenses 104,055 92,122 184,922 169,426
Operating income 54,774 36,960 72,951 53,853
Other (expense) income:        
Interest expense (6,880) (7,760) (13,974) (15,535)
Other income (expense), net (532) (226) (613) (454)
Total other income (expense), net 324 2,763 (56) 8,346
Net income 40,981 29,774 54,268 46,442
Unconsolidated joint ventures        
Summarized financial information        
Total revenue 59,000 89,921 115,147 213,153
Expenses:        
Cost of revenue 42,883 66,901 84,658 160,148
Other operating expenses 4,278 4,333 8,567 9,044
Depreciation and amortization 1,919 1,997 3,842 4,604
Total expenses 49,080 73,231 97,067 173,796
Operating income 9,920 16,690 18,080 39,357
Other (expense) income:        
Interest expense (1,136) (1,430) (2,337) (2,804)
Other income (expense), net 285 (15) 538 (777)
Total other income (expense), net (851) (1,445) (1,799) (3,581)
Net income 9,069 15,245 16,281 35,776
Latitude Margaritaville Watersound JV        
Summarized financial information        
Total revenue 48,098 79,878 97,074 196,280
Expenses:        
Cost of revenue 33,913 58,543 68,530 144,745
Other operating expenses 4,277 4,333 8,566 9,044
Depreciation and amortization 172 155 360 287
Total expenses 38,362 63,031 77,456 154,076
Operating income 9,736 16,847 19,618 42,204
Other (expense) income:        
Other income (expense), net 256 22 499 65
Total other income (expense), net 256 22 499 65
Net income $ 9,992 $ 16,869 $ 20,117 $ 42,269
Latitude Margaritaville Watersound JV | Residential homes        
Other (expense) income:        
Number of home sale transactions | Transaction 86 137 169 329
Watersound Fountains Independent Living JV        
Summarized financial information        
Total revenue $ 1,160 $ 801 $ 2,273 $ 1,542
Expenses:        
Cost of revenue 1,406 1,108 2,852 2,323
Depreciation and amortization 764 753 1,521 1,505
Total expenses 2,170 1,861 4,373 3,828
Operating income (1,010) (1,060) (2,100) (2,286)
Other (expense) income:        
Interest expense (619) (696) (1,237) (1,383)
Other income (expense), net 3 15 10 20
Total other income (expense), net (616) (681) (1,227) (1,363)
Net income (1,626) (1,741) (3,327) (3,649)
Pier Park TPS JV        
Summarized financial information        
Total revenue 1,547 1,566 2,213 2,213
Expenses:        
Cost of revenue 813 905 1,415 1,569
Depreciation and amortization 112 196 223 556
Total expenses 925 1,101 1,638 2,125
Operating income 622 465 575 88
Other (expense) income:        
Interest expense (156) (175) (416) (344)
Other income (expense), net 3 2 4 2
Total other income (expense), net (153) (173) (412) (342)
Net income 469 292 163 (254)
Pier Park RI JV        
Summarized financial information        
Total revenue 1,751 1,750 2,608 2,534
Expenses:        
Cost of revenue 904 931 1,633 1,634
Depreciation and amortization 672 691 1,341 1,858
Total expenses 1,576 1,622 2,974 3,492
Operating income 175 128 (366) (958)
Other (expense) income:        
Interest expense (267) (450) (497) (861)
Other income (expense), net   (1)   (705)
Total other income (expense), net (267) (451) (497) (1,566)
Net income (92) (323) (863) (2,524)
Busy Bee JV        
Summarized financial information        
Total revenue 4,406 4,206 7,232 7,128
Expenses:        
Cost of revenue 4,100 3,907 6,917 6,826
Depreciation and amortization 137 139 272 273
Total expenses 4,237 4,046 7,189 7,099
Operating income 169 160 43 29
Other (expense) income:        
Interest expense (33) (35) (65) (69)
Other income (expense), net 17 (60) 14 (172)
Total other income (expense), net (16) (95) (51) (241)
Net income 153 65 (8) (212)
Electric Cart Watersound JV        
Summarized financial information        
Total revenue 1,425 1,103 2,435 2,176
Expenses:        
Cost of revenue 1,215 973 2,142 1,926
Other operating expenses 1   1  
Depreciation and amortization 62 63 125 125
Total expenses 1,278 1,036 2,268 2,051
Operating income 147 67 167 125
Other (expense) income:        
Interest expense (61) (74) (122) (147)
Other income (expense), net 6 7 11 13
Total other income (expense), net (55) (67) (111) (134)
Net income 92   56 (9)
Watersound Management JV        
Summarized financial information        
Total revenue 613 617 1,312 1,280
Expenses:        
Cost of revenue 532 534 1,169 1,125
Total expenses 532 534 1,169 1,125
Operating income 81 83 143 155
Other (expense) income:        
Net income $ 81 $ 83 $ 143 $ 155