REVENUES (Tables)

12 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Revenue Disaggregated by Source and Reporting Segment

The following tables present the Company’s consolidated revenues disaggregated by revenue source and reporting segment (see Note 15) (in thousands):


	Year Ended December 31, 2024
	Valencia		San Francisco		Great Park(1)		Unallocated		Total
Land sales and land sales—related party	$	139,097	$	—	$	—	$	—	$	139,097
Management services—related party	—		—		95,955		449		96,404
Operating properties	483		—		—		—		483
	139,580		—		95,955		449		235,984
Operating properties leasing revenues	1,264		678		—		—		1,942
	$	140,844	$	678	$	95,955	$	449	$	237,926


	Year Ended December 31, 2023
	Valencia		San Francisco		Great Park(1)		Unallocated		Total
Land sales and land sales—related party	$	161,391	$	—	$	—	$	—	$	161,391
Management services—related party	—		—		47,190		431		47,621
Operating properties	840		—		—		—		840
	162,231		—		47,190		431		209,852
Operating properties leasing revenues	1,226		654		—		—		1,880
	$	163,457	$	654	$	47,190	$	431	$	211,732


	Year Ended December 31, 2022
	Valencia		San Francisco		Great Park(1)		Unallocated		Total
Land sales and land sales—related party	$	8,425	$	—	$	—	$	—	$	8,425
Management services—related party	—		—		31,015		418		31,433
Operating properties	1,177		—		—		—		1,177
	9,602		—		31,015		418		41,035
Operating properties leasing revenues	969		690		—		—		1,659
	$	10,571	$	690	$	31,015	$	418	$	42,694

(1) The tables above do not include revenues of the Great Park Venture, which are included in the Company’s reporting segment totals (see Notes 4 and 15).