v3.26.1
Investments in Joint Ventures - Schedule of Investments in Multifamily Joint Ventures (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Schedule of Equity Method Investments [Line Items]    
Total assets $ 762,313 $ 735,145
Capital – Third Parties 428,946 428,513
Total liabilities and equity 762,313 735,145
Buzzard Point Sponsor, LLC    
Schedule of Equity Method Investments [Line Items]    
Investments in real estate, net 0 0
Cash and restricted cash 0 0
Unrealized rents & receivables 0 0
Deferred costs 5,476 5,138
Total assets 5,476 5,138
Secured notes payable 0 0
Other liabilities 0 0
Capital – FRP 2,738 2,569
Capital – Third Parties 2,738 2,569
Total liabilities and equity 5,476 5,138
Bryant Street Partnerships    
Schedule of Equity Method Investments [Line Items]    
Investments in real estate, net 171,313 174,479
Cash and restricted cash 3,298 3,643
Unrealized rents & receivables 6,983 6,783
Deferred costs 1,036 1,284
Total assets 182,630 186,189
Secured notes payable 108,414 108,760
Other liabilities 2,555 2,363
Capital – FRP 54,029 56,735
Capital – Third Parties 17,632 18,331
Total liabilities and equity 182,630 186,189
Estero Partnership    
Schedule of Equity Method Investments [Line Items]    
Investments in real estate, net 84,692 59,843
Cash and restricted cash 5,289 7,406
Unrealized rents & receivables 235 235
Deferred costs 0 0
Total assets 90,216 67,484
Secured notes payable 8,235 8,235
Other liabilities 7,112 3,331
Capital – FRP 11,665 6,828
Capital – Third Parties 63,204 49,090
Total liabilities and equity 90,216 67,484
Verge Partnership    
Schedule of Equity Method Investments [Line Items]    
Investments in real estate, net 117,838 119,954
Cash and restricted cash 1,704 1,728
Unrealized rents & receivables 592 374
Deferred costs 53 138
Total assets 120,187 122,194
Secured notes payable 68,626 68,498
Other liabilities 1,635 1,509
Capital – FRP 30,564 31,952
Capital – Third Parties 19,362 20,235
Total liabilities and equity 120,187 122,194
Greenville Partnerships    
Schedule of Equity Method Investments [Line Items]    
Investments in real estate, net 120,189 107,656
Cash and restricted cash 2,897 3,109
Unrealized rents & receivables 84 92
Deferred costs 158 201
Total assets 123,328 111,058
Secured notes payable 91,330 81,865
Other liabilities 8,676 4,660
Capital – FRP 11,901 12,385
Capital – Third Parties 11,421 12,148
Total liabilities and equity 123,328 111,058
Total Multifamily JV’s    
Schedule of Equity Method Investments [Line Items]    
Investments in real estate, net 494,032 461,932
Cash and restricted cash 13,188 15,886
Unrealized rents & receivables 7,894 7,484
Deferred costs 6,723 6,761
Total assets 521,837 492,063
Secured notes payable 276,605 267,358
Other liabilities 19,978 11,863
Capital – FRP 110,897 110,469
Capital – Third Parties 114,357 102,373
Total liabilities and equity $ 521,837 $ 492,063