Related Party Transactions |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | Note 5. Related Party Transactions The Company is externally managed and advised by KL pursuant to the Management Agreement. KL is considered a related party due to its contractual management relationship with the Company. The Management Fee paid to KL for the three months ended June 30, 2026 and 2025 was $29.9 million and $22.0 million, respectively. The Management Fee paid to KL for the six months ended June 30, 2026 and 2025 was $58.1 million and $34.1 million, respectively. There were no amounts payable to or amounts receivable from KL as of June 30, 2026. As disclosed in the Company’s Form 10-K for the year ended December 31, 2025, Lennar ceased being a related party as it no longer held an ownership interest or other rights that provide significant influence over the Company's management or operating policies following the completion of its exchange offer on November 28, 2025. |