Unconsolidated Affiliates (Tables)

12 Months Ended

Dec. 31, 2025

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Condensed Combined Financial Statement Information - Unconsolidated Affiliates

Condensed combined financial statement information of the unconsolidated affiliates is as follows:


	December 31, 2025			December 31, 2024
ASSETS:
Investment in real estate assets	$	1,255,163		$	1,284,494
Accumulated depreciation		(574,364	)		(576,289	)
		680,799			708,205
Developments in progress		1,315			32,114
Net investment in real estate assets		682,114			740,319
Other assets		135,138			156,363
Total assets	$	817,252		$	896,682
LIABILITIES:
Mortgage and other indebtedness, net	$	715,013		$	780,536
Other liabilities		23,468			36,253
Total liabilities		738,481			816,789
OWNERS' EQUITY:
The Company		78,016			76,607
Other investors		755			3,286
Total owners' equity		78,771			79,893
Total liabilities and owners’ equity	$	817,252		$	896,682


	Year Ended December 31,
	2025		2024		2023
Total revenues	$	181,264	$	260,969	$	255,283
Net income (1)	$	107,004	$	54,433	$	38,434

(1)

The Company's pro rata share of net income is included in equity in earnings of unconsolidated affiliates for each period presented in the accompanying consolidated statements of operations. The Company's pro rata share of net income was $53,276, $22,932 and $11,865 for the years ended December 31, 2025, 2024 and 2023, respectively.