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Investments and Dispositions
 12 Months Ended
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 TypeTotal Investment SpendingNew DevelopmentRe-developmentAsset AcquisitionMortgage Notes or Notes ReceivableInvestment in Joint Ventures
Experiential:
Theatres$370 $— $370 $— $— $— 
Eat & Play42,254 30,058 1,118 — 11,078 — 
Attractions78,025 — 164 33,437 44,424 — 
Ski2,018 — — — 2,018 — 
Experiential Lodging9,411 — — — — 9,411 
Fitness & Wellness129,710 24,080 48,412 — 57,218 — 
Cultural2,132 — 2,132 — — — 
Total Experiential263,920 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 TypeTotal Investment SpendingNew DevelopmentRe-developmentAsset AcquisitionMortgage Notes or Notes ReceivableInvestment in Joint Ventures
Experiential:
Theatres$5,182 $— $5,182 $— $— $— 
Eat & Play24,048 20,750 2,192 — 1,106 — 
Attractions28,384 — 3,669 — 24,715 — 
Ski5,324 — — — 5,324 — 
Experiential Lodging16,034 — — — — 16,034 
Fitness & Wellness184,370 45,632 3,286 53,144 82,308 — 
Cultural6,086 — 6,086 — — — 
Total Experiential269,428 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.