Investment in Real Estate, Net (Table) - Investment in real estate, net

12 Months Ended

Dec. 31, 2024

Real estate properties

Schedule of investment in real estate, excluding unconsolidated JVs, by property type and segment

	December 31,		December 31,
	2024		2023
Development property:
Residential	$	149,499	$	141,145
Hospitality		13,342		23,633
Commercial		78,453		99,719
Other		4,234		2,924
Total development property		245,528		267,421
Operating property:
Residential		10,254		10,905
Hospitality		443,291		419,095
Commercial		483,643		439,671
Total operating property		937,188		869,671
Less: Accumulated depreciation		142,288		118,474
Total operating property, net		794,900		751,197
Investment in real estate, net	$	1,040,428	$	1,018,618

Operating property

Real estate properties

Schedule of operating property

		December 31,		December 31,
		2024		2023
Land and land improvements	$	237,492	$	206,089
Buildings and building improvements		683,440		648,655
Timber		16,256		14,927
		937,188		869,671
Less: Accumulated depreciation		142,288		118,474
Total operating property, net	$	794,900	$	751,197