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Related Party Transactions
9 Months Ended
Sep. 30, 2025
Related Party Transactions [Abstract]  
Related Party Transactions
15.
Related Party Transactions

The Company often provides services to unconsolidated joint ventures and revenues include amounts related to recovering costs for these services. Revenues related to services the Company provided to unconsolidated joint ventures for the three months ended September 30, 2025 and September 30, 2024 were $56.9 million and $47.6 million, respectively and $144.3 million and $144.9 million for the nine months ended September 30, 2025 and September 30, 2024, respectively.

For the three months ended September 30, 2025 and September 30, 2024, the Company incurred reimbursable costs of $36.4 million and $36.7 million, respectively, and $104.2 million and $108.3 million for the nine months ended September 30, 2025 and September 30, 2024, respectively.

Amounts included in the consolidated balance sheets related to services the Company provided to unconsolidated joint ventures are as follows (in thousands):

 

 

 

September 30, 2025

 

 

December 31, 2024

 

Accounts receivable

 

$

43,181

 

 

$

38,443

 

Contract assets

 

 

27,342

 

 

 

11,540

 

Contract liabilities

 

 

8,495

 

 

 

10,776