v3.26.1
Fair Value Measures (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table summarizes assets and liabilities measured at fair value on a recurring basis:
Fair Value Measurements
AmountLevel 1Level 2Level 3
June 30, 2026
Investments in real estate ventures$14,493 $— $— $14,493 
Deferred compensation plan assets1,403 1,403 — — 
Equity investments
Variable voting shares - Jericho4,609 4,609 — — 
Stock warrants - Jericho1,446 — 1,446 — 
Stock options - Jericho141 — 141 — 
Deferred compensation plan liabilities1,421 1,421 — — 
December 31, 2025
Investments in real estate ventures$4,288 $— $— $4,288 
Deferred compensation plan assets897 897 — — 
Deferred compensation plan liabilities960 960 — — 
Fair Value Measurement Inputs and Valuation Techniques
The following table summarizes information about the significant unobservable inputs used in recurring fair value measurements categorized within Level 3:
AmountValuation
Technique(s)
Unobservable
Input(s)
Range (Wtd. Avg.)(1)
June 30, 2026
Investments in real estate ventures$14,493 Income approachCapitalization rate
5.20% - 7.45% (2.67%)
Discount rate
7.15% - 8.50% (3.49%)
December 31, 2025
Investments in real estate ventures$4,288 Income approachCapitalization rate
5.25% - 7.45% (5.63%)
Discount rate
7.05% - 8.50% (7.23%)
(1)
Range represents lowest and highest iteration of the input used across all valuation models. Weighted-averages were calculated using the relative fair value of the instruments.