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v3.24.2.u1

Investments - Narrative (Details) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2024 USD ($) entity commitment | Jun. 30, 2023 USD ($) | Jun. 30, 2024 USD ($) entity commitment | Jun. 30, 2023 USD ($)
Equity method investment |  |  |  |
Other commitments, number of SIP commitments | commitment | 7 |  | 7 |
Other commitment | $ 191,585,000 |  | $ 191,585,000 |
Weighted average rate of return on other commitments | 11.50% |  | 11.50% |
Other commitment, outstanding funding | $ 138,970,000 |  | $ 138,970,000 |
Long-term construction loan, maximum borrowing capacity, guarantee, percentage | 30.00% |  | 30.00% |
Loan guarantee, payment reimbursement by partner, percentage | 75.00% |  | 75.00% |
Nonoperating expense related to development pursuits | $ (1,417,000) | $ (1,261,000) | $ (5,662,000) | $ (4,253,000)
Impairment losses on long-lived assets | 0 | 0 | 0 | 0
Casualty and impairment loss | 0 | 0 | 2,935,000 | 5,051,000
Other than temporary losses on investments | 0 | 0 | 0 | 0
Structured Investment Program |  |  |  |
Equity method investment |  |  |  |
Interest income, other | $ 3,940,000 | $ 1,241,000 | 7,116,000 | 2,113,000
California and Metro NY/NJ regions | Severe Weather and Fire |  |  |  |
Equity method investment |  |  |  |
Casualty and impairment loss |  |  | $ 2,935,000 |
Northeast and California Regions | Severe Weather |  |  |  |
Equity method investment |  |  |  |
Casualty and impairment loss |  |  |  | $ 5,051,000
Unconsolidated real estate entities |  |  |  |
Equity method investment |  |  |  |
Number of unconsolidated real estate entities | entity | 5 |  | 5 |
AVA Arts District |  |  |  |
Equity method investment |  |  |  |
Ownership percentage | 25.00% |  | 25.00% |
Proceeds from construction loans |  |  | $ 151,288,000 |
Long-term construction loan | $ 167,147,000 |  | $ 167,147,000 |
Minimum | Unconsolidated real estate entities |  |  |  |
Equity method investment |  |  |  |
Ownership percentage | 20.00% |  | 20.00% |
Maximum | Unconsolidated real estate entities |  |  |  |
Equity method investment |  |  |  |
Ownership percentage | 50.00% |  | 50.00% |

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- Definition This element represents the current and noncurrent portions of a long-term real estate loan with an initial maturity beyond one year or beyond the normal operating cycle, if longer, to finance building costs. The funds are disbursed as needed or in accordance with a prearranged plan; generally, a portion of the funds is disbursed at inception and the remainder as construction progresses. The money is repaid on completion of the project (generally one to seven years), usually from the proceeds of a mortgage loan. The rate is normally higher than the prime rate, and there is usually an origination fee. The effective yield on these loans tends to be high, and the lender has a security interest in the real property. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(20)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 + Details
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