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Commitments and Contingencies (Tables) | 12 Months Ended
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Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract] |
Summary of Real Estate Development Commitments | The following table summarizes the gross remaining total project costs for the Company’s projects under development at December 31, 2023 (total project costs remaining in thousands):
|  | Projects |  |  | Apartment Units |  |  | Total Project Costs Remaining (1) |
Projects Under Development |  |  |  |  |  |  |  |  |
Consolidated |  |  | 1 |  |  |  | 225 |  |  | $ | 74,585 |
Unconsolidated |  |  | 6 |  |  |  | 1,982 |  |  |  | 144,928 |
Total Projects Under Development |  |  | 7 |  |  |  | 2,207 |  |  | $ | 219,513 |
(1) The Company's share of the $219.5 million in total project costs remaining approximates $76.6 million, with the balance funded by the Company's joint venture partners (approximately $0.7 million) and/or applicable construction loans (approximately $142.2 million).
Schedule of Contractual Obligations | The following table summarizes the Company’s contractual obligations for deferred compensation for the next five years and thereafter as of December 31, 2023:
|  | (Payments) Due by Year (in thousands) |
|  | 2024 |  |  | 2025 |  |  | 2026 |  |  | 2027 |  |  | 2028 |  |  | Thereafter |  |  | Total |
Other Long-Term Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deferred Compensation (1) |  | $ | (840 | ) |  | $ | (840 | ) |  | $ | (840 | ) |  | $ | (840 | ) |  | $ | (840 | ) |  | $ | (3,778 | ) |  | $ | (7,978 | )
(1) Includes payments due to the estate of the Company’s former Chairman. As of December 31, 2023, no payments remain due to the Company's former executive officer.

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- Definition Represents a summary of the Company's contractual obligations for minimum rent payments under operating leases for various office space and fixed base rent on ground leases as well as for deferred compensation for executives and certain trustees. + References No definition available. + Details
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