XML 196 R72.htm IDEA: XBRL DOCUMENT v3.25.0.1
Deferred Expenses and Other Assets, Net and Accounts Payable, Accrued Expenses and Other Liabilities - Schedule of Other Assets (Details) - USD ($)
$ in Thousands
 12 Months Ended 24 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2024
Deferred expenses and other assets        
Operating lease, right-of-use asset $ 29,707 $ 33,964   $ 29,707
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] Deferred expenses and other assets, net Deferred expenses and other assets, net   Deferred expenses and other assets, net
Interest rate hedge assets $ 45,439 $ 34,864   $ 45,439
Deferred finance costs, net 16,471 3,692   16,471
Other assets 12,278 13,210   12,278
Purchase deposits 42 2,090   42
Leasing costs, net 431 439   431
Corporate furniture, fixtures and equipment, net 647 979   647
Deferred expenses and other assets, net [1],[2] $ 105,015 89,238   $ 105,015
Lease discount rate 5.50%     5.50%
Accumulated amortization of deferred finance costs $ 3,500 11,000   $ 3,500
Below-market lease        
Deferred expenses and other assets        
Annual lease fee 500     500
Real estate expense        
Deferred expenses and other assets        
Operating lease expense 500 500 $ 400  
Other Income        
Deferred expenses and other assets        
Operating lease expense 500 500 $ 400  
Related party        
Deferred expenses and other assets        
Deferred expenses and other assets, net 3,800 7,100   3,800
Affiliated entity | Star Holdings        
Deferred expenses and other assets        
Management fees due from Star Holdings 3,700 6,900   3,700
Management fees recorded 16,800 $ 19,400   $ 36,200
Management fee performance obligations remaining $ 13,800      
[1] As of December 31, 2024 and 2023, includes $3.8 million and $7.1 million, respectively, due from related parties.
[2] Refer to Note 2 for details on the Company’s consolidated variable interest entities ("VIEs").