v3.26.3
Investments in Unconsolidated Affiliates (Tables)
9 Months Ended
Sep. 30, 2026
Equity Method Investments and Joint Ventures [Abstract]  
Investments in Unconsolidated Affiliates As of September 30, 2026, and December 31, 2025, we hold equity interests in the following Fund JVs:
September 30,December 31,
20262025
AI Fund JVs
Bolt US Class A JVCo LLC6.2%9.9%
Bolt US JVCo LLC6.2%9.9%
Other JVs
ORC HoldCo LLC15.0%15.0%
Changes in the investment balance for the nine months ended September 30, 2026, were as follows (in thousands):
Balances at December 31, 2025
$10,037 
Current period investment in unconsolidated affiliates
28,015 
Equity in loss of unconsolidated affiliates
(15,553)
Cash distributions received
(989)
Deferred profit in transactions with unconsolidated affiliates6,134 
Accrued expenses and other current liabilities
592 
Balances at September 30, 2026
$28,236