XML 56 R45.htm IDEA: XBRL DOCUMENT v3.24.3
Investments in Joint Ventures - Schedule of Investments in Joint Ventures (Details) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Schedule of Equity Method Investments [Line Items]    
Total assets $ 726,918 $ 709,166
Capital – Third Parties 420,884 414,520
Total liabilities and equity 726,918 709,166
Brooksville Quarry, LLC    
Schedule of Equity Method Investments [Line Items]    
Investments in real estate, net 14,356 14,358
Cash and restricted cash 74 80
Unrealized rents & receivables 0 0
Deferred costs 2 1
Total assets 14,432 14,439
Secured notes payable 0 0
Other liabilities 66 0
Capital – FRP 7,515 7,552
Capital – Third Parties 6,851 6,887
Total liabilities and equity 14,432 14,439
BC FRP Realty, LLC    
Schedule of Equity Method Investments [Line Items]    
Investments in real estate, net 21,084 21,503
Cash and restricted cash 108 127
Unrealized rents & receivables 451 464
Deferred costs 353 360
Total assets 21,996 22,454
Secured notes payable 10,857 12,086
Other liabilities 283 402
Capital – FRP 5,428 4,983
Capital – Third Parties 5,428 4,983
Total liabilities and equity 21,996 22,454
Lending ventures    
Schedule of Equity Method Investments [Line Items]    
Investments in real estate, net 16,929 17,117
Cash and restricted cash 0 0
Unrealized rents & receivables 0 0
Deferred costs 0 0
Total assets 16,929 17,117
Secured notes payable (10,445) (10,578)
Other liabilities 0 0
Capital – FRP 27,374 27,695
Capital – Third Parties 0 0
Total liabilities and equity 16,929 17,117
Total Multifamily JV’s    
Schedule of Equity Method Investments [Line Items]    
Investments in real estate, net 444,816 447,257
Cash and restricted cash 10,825 13,942
Unrealized rents & receivables 7,764 7,267
Deferred costs 6,622 5,868
Total assets 470,027 474,334
Secured notes payable 276,736 262,209
Other liabilities 5,540 8,340
Capital – FRP 111,695 120,546
Capital – Third Parties 76,056 83,239
Total liabilities and equity 470,027 474,334
Grand Total    
Schedule of Equity Method Investments [Line Items]    
Investments in real estate, net 497,185 500,235
Cash and restricted cash 11,007 14,149
Unrealized rents & receivables 8,215 7,731
Deferred costs 6,977 6,229
Total assets 523,384 528,344
Secured notes payable 277,148 263,717
Other liabilities 5,889 8,742
Capital – FRP 152,012 160,776
Capital – Third Parties 88,335 95,109
Total liabilities and equity $ 523,384 $ 528,344