Combined and Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024		Dec. 31, 2023		Dec. 31, 2022
Reconciliation of cash and cash equivalents and restricted cash presented on the combined and consolidated statements of cash flows
Cash and cash equivalents	$ 34,957	[1]	$ 50,663	[1]	$ 4,227
Restricted cash included in deferred expenses and other assets, net	10,589		10,051		3,247
Total cash and cash equivalents and restricted cash	45,546		60,714		7,474
Supplemental disclosure of cash flow information:
Cash paid for interest	9,666		20,235		42,042
Supplemental disclosure of non-cash investing and financing activity:
Increase (decrease) in other investments and other assets upon contribution from iStar Inc.			(74,704)		7,846
Settlement of debt obligations			115,000
Assumption of debt obligations from iStar Inc.			125,000
Origination of loans receivable (refer to Note 5)	18,250		2,550
Paid-in-kind interest on debt obligations	7,261		1,701
Accounts payable for capital expenditures on land and development and real estate assets	$ 9,984		$ 951		828
Transfer of loan receivable to loans receivable held for sale					$ 37,650

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