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Basis of Presentation and Principles of Combination and Consolidation - VIEs (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Real estate      
Real estate, at cost [1] $ 98,118 $ 97,481  
Less: accumulated depreciation [1] (25,273) (22,075)  
Real estate, net [1] 72,845 75,406  
Land and development, net [1] 176,444 181,394  
Cash and cash equivalents 34,957 [1] 50,663 [1] $ 4,227
Accrued interest and operating lease income receivable, net [1] 1,115 929  
Deferred expenses and other assets, net [1] 22,401 22,459  
Total assets [1] 608,655 669,197  
LIABILITIES      
Total liabilities [1] 263,659 235,357  
Consolidated VIEs      
Real estate      
Real estate, at cost 95,318 94,682  
Less: accumulated depreciation (24,372) (21,349)  
Real estate, net 70,946 73,333  
Land and development, net 115,201 108,284  
Cash and cash equivalents 8,324 31,479  
Accrued interest and operating lease income receivable, net   24  
Deferred expenses and other assets, net 7,727 8,758  
Total assets 202,198 221,878  
LIABILITIES      
Total liabilities $ 47,751 $ 23,600  
[1] Refer to Note 2 for details on the Company’s combined and consolidated variable interest entities (“VIEs”).