XML 24 R13.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Investment in Real Estate, Net | 3 Months Ended
--- | ---
Mar. 31, 2024
Investment in Real Estate, Net |
Investment in Real Estate, Net | 3. Investment in Real Estate, Net Investment in real estate, net, excluding unconsolidated JVs, by property type and segment includes the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 31, |  | December 31,
​ | ​ | 2024 | ​ | 2023
Development property: |  | ​ |  |  | ​ |
Residential | ​ | $ | 139,391 | ​ | $ | 141,145
Hospitality | ​ |  | 27,595 | ​ |  | 23,633
Commercial | ​ |  | 106,282 | ​ |  | 99,719
Other | ​ |  | 3,048 | ​ |  | 2,924
Total development property | ​ |  | 276,316 | ​ |  | 267,421
​ | ​ | ​ | ​ | ​ | ​ | ​
Operating property: | ​ |  |  | ​ |  |
Residential | ​ |  | 10,294 | ​ |  | 10,905
Hospitality | ​ |  | 417,864 | ​ |  | 419,095
Commercial | ​ |  | 440,870 | ​ |  | 439,671
Total operating property | ​ |  | 869,028 | ​ |  | 869,671
Less: Accumulated depreciation | ​ |  | 122,417 | ​ |  | 118,474
Total operating property, net | ​ |  | 746,611 | ​ |  | 751,197
Investment in real estate, net | ​ | $ | 1,022,927 | ​ | $ | 1,018,618
​ Investment in real estate, net is carried at cost, net of depreciation and timber depletion, unless circumstances indicate that the carrying value of the assets may not be recoverable. Development property consists of land the Company is developing or intends to develop for sale, lease or future operations and includes direct costs associated with the land, as well as development, construction and indirect costs. Residential development property includes existing and planned residential homesites and related infrastructure. Hospitality development property consists of land, as well as development costs related to additional club amenities. Commercial development property primarily consists of land and construction and development costs for planned commercial, multi-family and industrial uses. Development property in the hospitality and commercial segments will be reclassified as operating property as it is placed into service. Operating property includes property that the Company uses for operations and activities. Residential operating property consists primarily of residential utility assets and certain rental properties. Hospitality operating property primarily consists of existing hotels, resorts, clubs, vacation rental homes, marinas and other operations. Commercial operating property includes property used for retail, office, self-storage, light industrial, multi-family, senior living, commercial rental and timber purposes. Operating property may be sold in the future as part of the Company’s principal real estate business. As of March 31, 2024 and December 31, 2023, operating property, net related to operating leases was $364.7 million and $367.3 million, respectively.

X
- References No definition available. + Details
Name: | us-gaap_RealEstateAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 976 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//976/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 978 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//978/tableOfContent Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 970 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//970/tableOfContent Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 972 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//972/tableOfContent Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 974 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//974/tableOfContent + Details
Name: | us-gaap_RealEstateDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration