v3.26.3
Other Assets and Liabilities (Tables)
 9 Months Ended
Sep. 30, 2026
OTHER ASSETS AND LIABILITIES [Abstract]  
Summary of the significant components of other assets The following table summarizes the significant components of Other assets, net:
thousandsSeptember 30, 2026December 31, 2025
Prepaid reinsurance premiums $430,178 $— 
Security, escrow, and other deposits 111,212 54,608 
Special Improvement District receivable, net 66,404 90,417 
Reinsured funds held by third parties 56,415 — 
Prepaid expenses 46,780 19,669 
Fee income receivable 30,816 — 
Other 30,222 11,356 
Derivative assets 18,948 3,113 
Condominium inventory 10,255 3,937 
Operating lease right-of-use assets 7,379 5,231 
Other investments 5,196 — 
Tenant incentives and other receivables, net 5,084 15,259 
TIF receivable, net 4,080 4,012 
Notes receivable, net 3,692 2,932 
Net investment in lease receivable 2,853 2,781 
Other assets, net$829,514 $213,315 
Summary of the significant components of other liabilities, net The following table summarizes the significant components of Other liabilities, net:
thousandsSeptember 30, 2026December 31, 2025
Condominium deposit liabilities $672,369 $748,795 
Reinsurance balances payable 252,417 — 
Construction payables 221,707 263,845 
Deferred income 166,447 166,121 
MUD sale liability 92,268 64,364 
Tenant and other deposits 73,711 59,736 
Accrued payroll and other employee liabilities 62,034 31,452 
Accounts payable and accrued expenses 53,754 69,023 
Accrued real estate taxes 41,106 35,311 
Accrued interest 26,928 50,800 
Other 24,260 27,911 
Operating lease obligations 7,217 4,868 
Derivative liabilities — 689 
Other liabilities, net$1,694,218 $1,522,915