Supplemental Cash Flow Information (Tables)

12 Months Ended

Dec. 31, 2025

Supplemental Cash Flow Elements [Abstract]

Schedule of Supplemental Cash Flow Information

The following table summarizes income taxes paid (refunded), net, disaggregated by individual jurisdictions in which the income tax paid (refunded) is equal to or greater than five percent of total income taxes paid (refunded), net, for the year ended December 31, 2025 (in thousands):

	Year Ended December 31, 2025
Federal	$	1,141
Texas	1,637
California	400
Other states	236
Total income taxes paid (refunded), net	$	3,414

The following table provides supplemental cash flow information (in thousands):

	Year Ended December 31,
	2025		2024		2023
Supplemental cash flow information:
Interest paid, net of capitalized interest	$	260,109	$	249,471	$	188,213
Income taxes paid (refunded), net	3,414		7,862		1,923
Capitalized interest	83,321		69,256		56,849
Cash paid for amounts included in the measurement of lease liability for operating leases	20,426		21,277		21,488
Supplemental schedule of non-cash investing and financing activities:
Increase in ROU asset in exchange for new lease liability related to operating leases	7,152		15,457		3,951
Accrued construction costs	144,524		136,767		105,572
Non-cash assets and liabilities assumed in connection with the Merger (see Note 3)	—		2,926,141		—
Retained investment in connection with Callan Ridge JV (see Note 9)	—		69,255		—
Seller financing provided on disposition of real estate assets (see Note 8)	—		418,389		—
Net noncash impact from the consolidation of property previously held in an unconsolidated joint venture	—		—		993

Schedule of Cash, Cash Equivalents and Restricted Cash

The following table summarizes cash, cash equivalents, and restricted cash (in thousands):

	Year Ended December 31,
	2025		2024		2023
Beginning of year:
Cash and cash equivalents	119,818		117,635		72,032
Restricted cash	64,487		51,388		54,802
Cash, cash equivalents, and restricted cash	$	184,305	$	169,023	$	126,834
End of year:
Cash and cash equivalents	467,457		119,818		117,635
Restricted cash	70,245		64,487		51,388
Cash, cash equivalents, and restricted cash	$	537,702	$	184,305	$	169,023