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Other Receivables and Allowances and Other Reserves | 12 Months Ended
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Dec. 31, 2025
Credit Loss [Abstract] |
Other Receivables and Allowances and Other Reserves | Other Receivables and Allowances and Other Reserves Other Receivables The following table is a summary of the Company's other receivables (in thousands):
|  | December 31, 2025 |  | December 31, 2024
Financing receivables |  | $ | 5,124 |  |  | $ | 15,859 |
Other receivables 1 |  | 3,689 |  |  | 3,230 |
Other receivables, gross |  | $ | 8,813 |  |  | $ | 19,089 |
Less: Allowance for credit losses |  | (2,336) |  |  | (2,393) |
Other receivables, net of allowances |  | $ | 6,477 |  |  | $ | 16,696 |
1 Primarily consists of unbilled revenue related to the Commercial Real Estate segment and escrow receivables related to the Land Operations segment.
Allowances and Other Reserves The Company reduces recorded amounts for accounts receivable and other financial assets included in other receivables by various allowances and reserve accounts. The following table presents the balances and activity (including reclassifications) in the various allowance and reserve accounts related to the Company's accounts receivable and financial assets included in other receivables for the three years ended December 31, 2025, 2024, and 2023, (in thousands):
|  | Allowance for Credit Losses for Financing Receivables Secured by Real Estate |  | Allowance for Credit Losses for Tenant Related Financing Receivables |  |  |  | Total Allowance for Credit Losses for Financing Receivables |  | Allowance for Doubtful Accounts on Accounts Receivable
Balance, January 1, 2023 |  | $ | 2,652 |  |  | $ | — |  |  |  |  | $ | 2,652 |  |  | $ | 2,447 |
Provision (release) - charged against income |  | 262 |  |  | (218) |  |  |  |  | 44 |  |  | 754 |
Write-offs or other - charged against allowance 1 |  | — |  |  | 849 |  |  |  |  | 849 |  |  | (313) |
Balance, December 31, 2023 |  | $ | 2,914 |  |  | $ | 631 |  |  |  |  | $ | 3,545 |  |  | $ | 2,888 |
Provision (release) - charged against income |  | (1,359) |  |  | 375 |  |  |  |  | (984) |  |  | 139 |
Write-offs or other - charged against allowance 1 |  | — |  |  | (168) |  |  |  |  | (168) |  |  | (1,326) |
Balance, December 31, 2024 |  | $ | 1,555 |  |  | $ | 838 |  |  |  |  | $ | 2,393 |  |  | $ | 1,701 |
Provision (release) - charged against income |  | 75 |  |  | (132) |  |  |  |  | (57) |  |  | (82) |
Write-offs or other - charged against allowance 1 |  | — |  |  | — |  |  |  |  | — |  |  | (400) |
Balance, December 31, 2025 |  | $ | 1,630 |  |  | $ | 706 |  |  |  |  | $ | 2,336 |  |  | $ | 1,219 |
1 Write-offs or other activity (e.g., reclassifications of fully reserved balances from cash basis treatment).
Refer to Note 12 – Leases - The Company as a Lessor for current period charges related to the Company's assessment of collectability on amounts due under leases, including sales-type leases. Note that under ASC Topic 842, Leases, such charges and reserve activity reflect a reversal of the revenue and receivable balance originally recorded. The allowance for credit losses for financing receivables related to collateral-dependent receivables are from the sales of unimproved legacy property, development parcels, or commercial real estate assets that involve a financing component. The collectability of each of the financing receivables is assessed each reporting period using specific information, including among other factors, the credit quality of the counterparties in the transactions, as well as reasonable and supportable forecasts of future conditions that impact the collectability of the receivable. The allowance for credit losses for financing receivables related to the Commercial Real Estate segment notes receivables are from rent relief arrangements with existing tenants and delinquent rent from terminated tenants. The Company evaluates the collectability of the Commercial Real Estate notes receivable each reporting period based on a combination of credit quality indicators, including, but not limited to, payment status, historical loan charge-offs, and financial strength of the borrower and guarantors. Included below is a summary of the amortized cost basis of our financing receivables, included in other receivables, and credit quality indicator, summarized by year of origination(in thousands). There were no write-offs during year ended December 31, 2025.
|  | Year of Origination |  | Balance as of
|  | 2025 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | Prior |  | December 31, 2025
Secured |  | $ | — |  |  | $ | 2,863 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,555 |  |  | $ | 4,418 |
Unsecured |  | 280 |  |  | 337 |  |  | — |  |  | 60 |  |  | 29 |  |  | — |  |  | 706 |
Total notes receivable |  | $ | 280 |  |  | $ | 3,200 |  |  | $ | — |  |  | $ | 60 |  |  | $ | 29 |  |  | $ | 1,555 |  |  | $ | 5,124 |

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