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Noncontrolling Interests (Tables)
12 Months Ended
Dec. 31, 2025
Noncontrolling Interest [Abstract]  
Summary of Redeemable Noncontrolling Interests

The components of redeemable noncontrolling interests are as follows (in thousands):

 

Balance at January 1, 2024

 

$

105,686

 

Contributions from noncontrolling partners in joint ventures

 

 

5,530

 

Net income attributable to noncontrolling interests

 

 

8,872

 

Distributions to noncontrolling partners in joint ventures

 

 

(2,972

)

Balance at December 31, 2024

 

 

117,116

 

Contributions from noncontrolling partners in joint ventures

 

 

67,504

 

Net income attributable to noncontrolling interests

 

 

10,849

 

Distributions to noncontrolling partners in joint ventures

 

 

(3,877

)

Balance at December 31, 2025

 

$

191,592