v3.26.1
Basis of Presentation and Principles of Consolidation - VIEs (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Jun. 30, 2025
Real estate      
Real estate, at cost (refer to Note 4 and Note 5) [1] $ 95,278 $ 179,062  
Less: accumulated depreciation [1] (28,277) (29,713)  
Real estate, net [1] 67,001 149,349  
Land and development, net [1] 101,389 112,836  
Cash 34,814 [1] 50,078 [1] $ 44,201
Deferred expenses and other assets, net [1] 27,787 26,774  
Total assets [1] 508,221 570,197  
LIABILITIES      
Total liabilities [1] 225,242 304,331  
Consolidated VIEs      
Real estate      
Real estate, at cost (refer to Note 4 and Note 5) 92,478 176,262  
Less: accumulated depreciation (27,146) (28,658)  
Real estate, net 65,332 147,604  
Land and development, net 55,562 71,132  
Cash 9,472 7,863  
Deferred operating lease income receivable, Net 8    
Deferred expenses and other assets, net 6,723 8,524  
Total assets 137,097 235,123  
LIABILITIES      
Total liabilities $ 8,889 $ 91,077  
[1] Refer to Note 2 for details on the Company’s consolidated variable interest entities (“VIEs”).