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Deferred Expenses and Other Assets, Net and Accounts Payable, Accrued Expenses and Other Liabilities - Schedule of Other Assets (Details) - USD ($)
$ in Thousands
3 Months Ended 24 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Dec. 31, 2024
Deferred expenses and other assets        
Operating lease, right-of-use asset $ 28,594   $ 28,594 $ 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 $ 30,650   $ 30,650 $ 45,439
Deferred finance costs, net 15,215   15,215 16,471
Other assets 14,047   14,047 12,278
Purchase deposits       42
Leasing costs, net 429   429 431
Corporate furniture, fixtures and equipment, net 598   598 647
Deferred expenses and other assets, net [1],[2] $ 89,533   $ 89,533 105,015
Lease discount rate 5.50%   5.50%  
Accumulated amortization of deferred finance costs $ 4,700   $ 4,700 3,500
Below-market lease        
Deferred expenses and other assets        
Annual lease fee 500   500 500
Real estate expense        
Deferred expenses and other assets        
Operating lease expense 100 $ 100    
Other Income        
Deferred expenses and other assets        
Operating lease expense 100 100    
Related party        
Deferred expenses and other assets        
Deferred expenses and other assets, net 3,700   3,700 3,800
Affiliated entity | Star Holdings        
Deferred expenses and other assets        
Management fees due from Star Holdings 3,500   3,500 $ 3,700
Management fees recorded 3,600 $ 5,500 $ 39,800  
Management fee performance obligations remaining $ 10,200      
[1] As of March 31, 2025 and December 31, 2024, includes $3.7 million and $3.8 million, respectively, due from related parties.
[2] Refer to Note 2 for details on the Company’s consolidated variable interest entities (“VIEs”).