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Investments and Dispositions | 12 Months Ended
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Dec. 31, 2024
Investments, All Other Investments [Abstract] |
Investments and Dispositions | Investments and Dispositions Acquisitions and Development The Company's investment spending during the years ended December 31, 2024 and 2023 totaled $263.9 million and $269.4 million, respectively, and is detailed below (in thousands):
For the Year Ended December 31, 2024
Investment Type | Total Investment Spending | New Development | Re-development | Asset Acquisition | Mortgage Notes or Notes Receivable | Investment in Joint Ventures
Experiential: |  |  |  |  |  |
Theatres | $ | 370 |  | $ | — |  | $ | 370 |  | $ | — |  | $ | — |  | $ | — |
Eat & Play | 42,254 |  | 30,058 |  | 1,118 |  | — |  | 11,078 |  | — |
Attractions | 78,025 |  | — |  | 164 |  | 33,437 |  | 44,424 |  | — |
Ski | 2,018 |  | — |  | — |  | — |  | 2,018 |  | — |
Experiential Lodging | 9,411 |  | — |  | — |  | — |  | — |  | 9,411 |
Fitness & Wellness | 129,710 |  | 24,080 |  | 48,412 |  | — |  | 57,218 |  | — |
Cultural | 2,132 |  | — |  | 2,132 |  | — |  | — |  | — |
Total Experiential | 263,920 |  | 54,138 |  | 52,196 |  | 33,437 |  | 114,738 |  | 9,411 |
Education: |  |  |  |  |  |
Total Education | — |  | — |  | — |  | — |  | — |  | — |
Total Investment Spending | $ | 263,920 |  | $ | 54,138 |  | $ | 52,196 |  | $ | 33,437 |  | $ | 114,738 |  | $ | 9,411 |
For the Year Ended December 31, 2023
Investment Type | Total Investment Spending | New Development | Re-development | Asset Acquisition | Mortgage Notes or Notes Receivable | Investment in Joint Ventures
Experiential: |  |  |  |  |  |
Theatres | $ | 5,182 |  | $ | — |  | $ | 5,182 |  | $ | — |  | $ | — |  | $ | — |
Eat & Play | 24,048 |  | 20,750 |  | 2,192 |  | — |  | 1,106 |  | — |
Attractions | 28,384 |  | — |  | 3,669 |  | — |  | 24,715 |  | — |
Ski | 5,324 |  | — |  | — |  | — |  | 5,324 |  | — |
Experiential Lodging | 16,034 |  | — |  | — |  | — |  | — |  | 16,034 |
Fitness & Wellness | 184,370 |  | 45,632 |  | 3,286 |  | 53,144 |  | 82,308 |  | — |
Cultural | 6,086 |  | — |  | 6,086 |  | — |  | — |  | — |
Total Experiential | 269,428 |  | 66,382 |  | 20,415 |  | 53,144 |  | 113,453 |  | 16,034 |
Education: |  |  |  |  |  |
Total Education | — |  | — |  | — |  | — |  | — |  | — |
Total Investment Spending | $ | 269,428 |  | $ | 66,382 |  | $ | 20,415 |  | $ | 53,144 |  | $ | 113,453 |  | $ | 16,034 |
Dispositions During the year ended December 31, 2024, the Company completed the sale of two leased cultural properties, eight vacant theatre properties, one leased theatre property and two vacant early childhood education centers for net proceeds totaling $74.4 million and recognized a net gain on sale totaling $16.1 million. During the year ended December 31, 2023, the Company completed the sale of three vacant theatre properties, two leased theatre properties, one vacant eat & play property, four vacant early childhood education centers and three land parcels for net proceeds totaling $57.2 million and recognized a net loss on sale of $2.2 million. Additionally, during the year ended December 31, 2023, the Company, as lessee, terminated one ground lease that held one theatre property. During the year ended December 31, 2022, the Company completed the sale of three vacant theatre properties and a land parcel for net proceeds of $11.0 million and recognized a combined gain on sale of $0.7 million. Dispositions during the years ended December 31, 2024 and 2023 did not meet the criteria for discontinued operations reporting.

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- Definition The entire disclosure for investment. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/320/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 321 -Publisher FASB -URI https://asc.fasb.org/321/tableOfContent Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 325 -Publisher FASB -URI https://asc.fasb.org/325/tableOfContent + Details
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