v3.26.3
Consolidated Statements of Operations (Parenthetical) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Total revenues $ 39,930 $ 28,108 $ 80,231 $ 84,786
Interest expense, related party 2,200 2,300 6,800 6,700
Related party        
Management fees 1,900 2,500 6,300 8,800
Other income        
Total revenues [1] 16,378 23,492 38,426 42,485
Other expense (income)   7,000 (3,500) 2,300
Hotel        
Total revenues $ 10,500 $ 10,000 19,300 $ 18,000
Real estate expense        
Other expense (income)     $ 1,700  
[1] For the three months ended September 30, 2026 and 2025, includes $10.5 million and $10.0 million, respectively, of revenues from hotel properties. For the nine months ended September 30, 2026 and 2025, includes $19.3 million and $18.0 million, respectively, of revenues from hotel properties. For the nine months ended September 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 (refer to Note 1). For both the three and nine months ended September 30, 2025, other income and real estate expense include $7.0 million and $2.3 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.