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Contingencies (Tables)

12 Months Ended

Dec. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Schedule of Guarantees

The following table represents the Operating Partnership's guarantees of unconsolidated affiliates' debt as reflected in the accompanying consolidated balance sheets as of December 31, 2024 and 2023:


		As of December 31, 2024																Obligation recorded to reflect guaranty
Unconsolidated Affiliate		Company's Ownership Interest		Outstanding Balance				Percentage Guaranteed by the Operating Partnership				Maximum Guaranteed Amount				Debt Maturity Date (1)		December 31, 2024				December 31, 2023
West Melbourne I, LLC - Phase I (2)		50%		$	35,000				—			$	—			Dec-2034		$	—			$	177
West Melbourne I, LLC - Phase II (2)		50%			10,000				—				—			Dec-2034			—				56
Port Orange I, LLC (3)		50%			44,498			50%					22,249			Feb-2025			222				236
Ambassador Infrastructure, LLC		65%			4,361			100%					4,361			Mar-2027			44				57
CBL-TRS Med OFC Holding, LLC (4)		50%			6,800				—				—			Jun-2030			—				19
Total guaranty liability																		$	266			$	545

(1)

Excludes any extension options.

(2)

In November 2024, the existing loan was paid off using proceeds from a new loan secured by the property. The new loan does not contain a payment guaranty.

(3)

Subsequent to December 31, 2024, the loan was extended through February 2026. See Note 18.

(4)

In September 2024, construction was completed and the Company's full payment guaranty was released.