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Investments and Dispositions
6 Months Ended
Jun. 30, 2025
Investments [Abstract]  
Investments Investments and Dispositions
The Company's investment spending during the six months ended June 30, 2025 totaled $86.3 million, and included $14.3 million for the acquisition of an attraction property in New Jersey and $1.6 million for the acquisition of land for a new build-to-suit eat & play property in Virginia, which has a total expected cost of approximately $19.0 million at completion in 2026. Additionally, the Company acquired land for $1.2 million and mortgage financing of $5.9 million secured by the improvements of a fitness & wellness property in Georgia. Investment spending for the six months ended June 30, 2025 also included experiential build-to-suit development and redevelopment projects.

During the six months ended June 30, 2025, the Company completed the sale of two vacant theatre properties, two operating theatre properties, two leased theatre properties, one vacant early childhood education center and 10 leased early childhood education centers for net proceeds totaling $106.4 million and recognized a net gain on sale totaling $26.2 million.
Subsequent to June 30, 2025, the Company sold an additional vacant theatre property for net proceeds of approximately $16.0 million and expects to recognize a gain on this sale of approximately $3.0 million during the three months ending September 30, 2025.