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Investments in Joint Ventures and Partnerships
 9 Months Ended
Sep. 30, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Investments in Joint Ventures and Partnerships Investments in Joint Ventures and Partnerships
The Company's investments in real estate and other joint ventures and partnerships principally consist of equity investments in limited liability companies in which the Company has the ability to exercise significant influence over the operating and financial policies of these investments. Accordingly, the Company accounts for its investments using the equity method of accounting.
Operating results presented in the Company's condensed consolidated financial statements include the Company's proportionate share of net income (loss) from its equity method investments. Summarized financial information of entities accounted for by the equity method on a combined basis for the three and nine months ended September 30, 2025 and 2024, is as follows (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Revenues$37,628 $38,967 $118,496 $124,003 
Operating costs and expenses31,403 32,439 101,541 107,126 
Gross Profit (Loss)$6,225 $6,528 $16,955 $16,877 
Income (Loss) from Continuing Operations1
$3,758 $10,664 $7,899 $11,715 
Net Income (Loss)1
$3,758 $10,664 $7,899 $11,715 
1 Includes earnings from equity method investments held by the investee.
During the nine months ended September 30, 2025 and 2024, Income (loss) related to joint ventures and partnerships was $7.2 million and $3.8 million, respectively, and return on investment operating cash distributions was $4.0 million and $0.8 million, respectively.