v3.26.1
Owned Real Estate, Net - Schedule of Revenue and Expenses From Real Estate Owned (Detail) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Real Estate [Abstract]        
Rental revenue $ 24,024 $ 16,207 $ 48,198 $ 30,541
Hospitality revenue 42,802 16,643 87,263 33,679
Other operating revenue 8,671 5,962 14,630 11,625
Revenue from owned real estate 75,497 38,812 150,091 75,845
Operating expense 61,128 31,089 122,218 61,177
Depreciation and amortization expense 20,312 16,707 41,197 32,921
Total expenses from owned real estate 81,440 47,796 163,415 94,098
Loss from owned real estate $ (5,943) $ (8,984) $ (13,324) $ (18,253)