v3.26.1
Other Assets and Liabilities
 6 Months Ended
Jun. 30, 2026
OTHER ASSETS AND LIABILITIES [Abstract]  
Other Assets and Liabilities
11. Other Assets and Liabilities

Other Assets, Net The following table summarizes the significant components of Other assets, net:
thousandsJune 30, 2026December 31, 2025
Prepaid reinsurance premiums $435,203 $— 
Special Improvement District receivable, net 83,501 90,417 
Security, escrow, and other deposits 82,932 54,608 
Fee income receivable 65,910 — 
Other 60,253 11,356 
Reinsured funds held by third parties 55,552 — 
Prepaid expenses 34,798 19,669 
Other investments 14,685 — 
Condominium inventory 10,504 3,937 
Operating lease right-of-use assets 7,761 5,231 
Derivative assets 6,480 3,113 
Tenant incentives and other receivables, net 4,983 15,259 
Notes receivable, net 3,578 2,932 
TIF receivable, net 3,216 4,012 
Net investment in lease receivable 2,860 2,781 
Other assets, net$872,216 $213,315 
Other Liabilities, Net The following table summarizes the significant components of Other liabilities, net:
thousandsJune 30, 2026December 31, 2025
Condominium deposit liabilities $652,456 $748,795 
Reinsurance balances payable 277,900 — 
Construction payables 206,872 263,845 
Deferred income 153,234 166,121 
Tenant and other deposits 77,636 59,736 
MUD sale liability 71,095 64,364 
Accounts payable and accrued expenses 58,460 69,023 
Accrued payroll and other employee liabilities 57,561 31,452 
Accrued interest 56,604 50,800 
Other 30,548 27,911 
Accrued real estate taxes 28,768 35,311 
Operating lease obligations 7,539 4,868 
Derivative liabilities 10 689 
Other liabilities, net$1,678,683 $1,522,915