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Assets and Liabilities of Disposal Group Held for Sale (Tables) | 12 Months Ended
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Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Assets and Liabilities of Disposal Group Held for Sale | The following table presents the carrying values of the major classes of assets and liabilities of disposal group held for sale as of December 31, 2024 and 2023, respectively (dollar amounts in thousands):
|  | December 31, 2024 |  | December 31, 2023
Cash and cash equivalents |  | $ | 2,461 |  |  | $ | 5,676 |
Real estate, net |  | 111,032 |  |  | 407,834 |
Other assets |  | 5,120 |  |  | 12,507 |
Total assets of disposal group held for sale (1) |  | $ | 118,613 |  |  | $ | 426,017 |
Mortgages payable on real estate, net (2) |  | $ | 93,370 |  |  | $ | 378,386 |
Other liabilities |  | 3,695 |  |  | 7,638 |
Total liabilities of disposal group held for sale (1) |  | $ | 97,065 |  |  | $ | 386,024 |
(1)Assets and liabilities of the disposal group held for sale are in Consolidated VIEs because the Company is the primary beneficiary. (2)In March 2024, two entities in which the Company held joint venture equity investments entered into debt restructuring agreements with the respective senior lender for their mortgages payable. As part of the agreements, a portion of interest payments were deferred until the maturity date. The restructurings did not result in a change in the carrying amount of the mortgages payable and no gains were recorded. During the year ended December 31, 2024, the Company sold its ownership interests in these entities, which resulted in the de-consolidation of the mortgages payable subject to the debt restructuring agreements as of December 31, 2024. The following table presents the pretax losses of the disposal group held for sale as of December 31, 2024 for the years ended December 31, 2024, 2023 and 2022, respectively (dollar amounts in thousands):
|  |  |  | For the Years Ended December 31,
|  |  |  |  |  | 2024 |  | 2023 |  | 2022
Pretax loss of disposal group held for sale |  |  |  |  |  | $ | (59,170) |  |  | $ | (124,183) |  |  | $ | (53,813) |
Pretax loss of disposal group attributable to non-controlling interest in Consolidated VIEs |  |  |  |  |  | 6,712 |  |  | 11,870 |  |  | 5,784 |
Pretax loss of disposal group attributable to Company's common stockholders |  |  |  |  |  | $ | (52,458) |  |  | $ | (112,313) |  |  | $ | (48,029) |

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