v3.26.1
Deferred Expenses and Other Assets, Net and Accounts Payable, Accrued Expenses and Other Liabilities - Schedule of Other Assets (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Deferred expenses and other assets          
Operating lease right-of-use asset $ 23,741,000   $ 23,741,000   $ 26,085,000
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] Deferred expenses and other assets, net   Deferred expenses and other assets, net   Deferred expenses and other assets, net
Interest rate hedge assets $ 11,202,000   $ 11,202,000   $ 21,315,000
Deferred finance costs, net 9,095,000   9,095,000   11,536,000
Other assets 23,480,000   23,480,000   12,211,000
Leasing costs, net 418,000   418,000   422,000
Corporate furniture, fixtures and equipment, net 991,000   991,000   461,000
Deferred expenses and other assets, net [1],[2] $ 68,927,000   $ 68,927,000   72,030,000
Lease discount rate 5.50%   5.50%    
Accumulated amortization of deferred finance costs $ 10,900,000   $ 10,900,000   8,400,000
Below-market lease          
Deferred expenses and other assets          
Annual lease fee 500,000   500,000   500,000
Real estate expense          
Deferred expenses and other assets          
Operating lease expense   $ 100,000   $ 300,000  
Other Income          
Deferred expenses and other assets          
Operating lease expense   100,000   300,000  
Related party          
Deferred expenses and other assets          
Deferred expenses and other assets, net 2,500,000   2,500,000   3,000,000
Affiliated entity | Star Holdings          
Deferred expenses and other assets          
Management fees due from Star Holdings 1,900,000   1,900,000   $ 2,900,000
Management fees recorded $ 1,900,000 $ 2,700,000 $ 4,000,000 $ 6,300,000  
[1] As of June 30, 2026 and December 31, 2025, includes $2.5 million and $3.0 million, respectively, due from related parties.
[2] Refer to Note 2 for details on the Company’s consolidated variable interest entities (“VIEs”).