v3.26.1
Liabilities for Estimated Costs in Excess of Estimated Receipts During Liquidation - Schedule of Change in Liabilities for Estimated Costs in Excess of Estimated Receipts during Liquidation (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Feb. 01, 2026
Liquidation Basis Of Accounting [Line Items]    
Liabilities for estimated costs in excess of estimated receipts during liquidation $ 145,228  
Remeasurement [Member]    
Liquidation Basis Of Accounting [Line Items]    
Estimated net inflows from real estate [1] (2,758)  
Interest income 558  
Total estimated assets (2,200)  
General and administrative expenses (378)  
Interest expense (1,274)  
Capital expenditures (113)  
Capital expenditures for active construction (46,093)  
Distributions and returns to noncontrolling interests (14,908)  
Liquidation transaction costs (5,837)  
Income tax 0  
Other estimated (costs), net of receipts (580)  
Total estimated liabilities (69,183)  
Liabilities for estimated costs in excess of estimated receipts during liquidation (71,383)  
Liquidation Basis [Member]    
Liquidation Basis Of Accounting [Line Items]    
Estimated net inflows from real estate [1] 28,484 $ 43,692
Interest income 1,539 3,828
Total estimated assets 30,023 47,520
General and administrative expenses (10,951) (22,854)
Interest expense (21,961) (32,773)
Capital expenditures (825) (2,762)
Capital expenditures for active construction (87,336) (72,821) [2]
Distributions and returns to noncontrolling interests (19,170) (7,674)
Liquidation transaction costs (32,552) (51,600) [3]
Income tax (700) (326)
Other estimated (costs), net of receipts (1,756) (2,384)
Total estimated liabilities (175,251) (193,194)
Liabilities for estimated costs in excess of estimated receipts during liquidation (145,228) $ (145,674)
Liquidation Basis [Member] | Revenue Recognized / Expense Incurred [Member]    
Liquidation Basis Of Accounting [Line Items]    
Estimated net inflows from real estate [1] (12,450)  
Interest income (2,847)  
Total estimated assets (15,297)  
General and administrative expenses 12,281  
Interest expense 12,086  
Capital expenditures 2,050  
Capital expenditures for active construction 31,578  
Distributions and returns to noncontrolling interests 3,412  
Liquidation transaction costs 24,885  
Income tax (374)  
Other estimated (costs), net of receipts 1,208  
Total estimated liabilities 87,126  
Liabilities for estimated costs in excess of estimated receipts during liquidation $ 71,829  
[1] Estimated net inflows from real estate include estimated future rental and other property revenues during liquidation less estimated future property operating expenses during liquidation.
[2] Capital expenditures for our one multifamily development project under construction in Miami, Florida is primarily funded through a construction loan and preferred equity draws.
[3] Liquidation transaction costs primarily include disposal costs related to the sale of the Company's assets, severance expenses, and advisory expenses related to the Plan of Sale and Liquidation.