Combined and Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Income (Loss)	Net Parent Investment	Noncontrolling Interests	Total
Beginning Balance at Dec. 31, 2021					$ 1,223,695	$ 689	$ 1,224,384
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)					(36,348)	37	(36,311)
Change in accumulated other comprehensive income (loss)					6,436		6,436
Stock-based compensation					(11,806)		(11,806)
Net transactions with iStar Inc.					(210,434)		(210,434)
Ending Balance at Dec. 31, 2022					971,543	726	972,269
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)			$ (196,441)		85	66	(196,290)
Change in accumulated other comprehensive income (loss)				$ 359	(989)		(630)
Common shares issued in conjunction with Spin-Off (refer to Note 1)	$ 13	$ 607,623			(607,636)
Stock-based compensation					1,778		1,778
Net transactions with iStar Inc.					$ (364,781)		(364,781)
Distributions to noncontrolling interests						(2,542)	(2,542)
Contributions from noncontrolling interests upon consolidation of venture (refer to Note 5)						20,961	20,961
Contributions from noncontrolling interests						3,098	3,098
Change in noncontrolling interest						(23)	(23)
Ending Balance at Dec. 31, 2023	13	607,623	(196,441)	359		22,286	433,840	[1]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)			(86,755)			(1,607)	(88,362)
Change in accumulated other comprehensive income (loss)				(463)			(463)
Distributions to noncontrolling interests						(41)	(41)
Contributions from noncontrolling interests						27	27
Change in noncontrolling interest						(5)	(5)
Ending Balance at Dec. 31, 2024	$ 13	$ 607,623	$ (283,196)	$ (104)		$ 20,660	$ 344,996	[1]

[1] Refer to Note 2 for details on the Company’s combined and consolidated variable interest entities (“VIEs”).