v3.26.1
Consolidated Statements of Operations (Parenthetical) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Total revenues $ 19,361 $ 42,054 $ 40,300 $ 56,678
Interest expense, related party 2,300 2,200 4,600 4,400
Related party        
Management fees 1,900 2,500 4,400 6,300
Other income        
Total revenues [1] 14,657 12,504 22,048 18,993
Other expense (income) (2,500)   (3,500)  
Hotel        
Total revenues 6,800 $ 6,100 8,800 $ 8,000
Real estate expense        
Other expense (income) $ 1,200   $ 1,700  
[1] For the three months ended June 30, 2026 and 2025, includes $6.8 million and $6.1 million, respectively, of revenues from hotel properties. For the six months ended June 30, 2026 and 2025, includes $8.8 million and $8.0 million, respectively, of revenues from hotel properties. For the three months ended June 30, 2026, other income and real estate expense include $2.5 million and $1.2 million, respectively, of income and expense related to a legal settlement with respect to one of iStar’s (refer to Note 1) legacy assets. For the six months ended June 30, 2026, other income and real estate expense include $3.5 million and $1.7 million, respectively, of income and expense related to a legal settlement with respect to one of iStar’s legacy assets. These amounts are recorded upon settlement due to uncertainty regarding collectability of the funds. The income represents the gross amount of the settlement and the expense represents legal costs incurred to a third party, which was contingent on the settlement.