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Assets and Liabilities of Disposal Group Held for Sale (Tables) | 9 Months Ended
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Sep. 30, 2025
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 September 30, 2025 and December 31, 2024, respectively (dollar amounts in thousands):
|  | September 30, 2025 |  | December 31, 2024
Cash and cash equivalents (1) |  | $ | 849 |  |  | $ | 2,461 |
Real estate, net (1) |  | — |  |  | 111,032 |
Other assets (1) |  | 534 |  |  | 5,120 |
Total assets of disposal group held for sale |  | $ | 1,383 |  |  | $ | 118,613 |
Mortgages payable on real estate, net (2) |  | $ | — |  |  | $ | 93,370 |
Other liabilities |  | 78 |  |  | 3,695 |
Total liabilities of disposal group held for sale (1) |  | $ | 78 |  |  | $ | 97,065 |
(1)Certain assets and liabilities of the disposal group held for sale are in Consolidated VIEs because the Company is the primary beneficiary. (2)During the nine months ended September 30, 2024, two entities in which the Company held joint venture equity investments entered into debt restructuring agreements with the respective senior lenders for their mortgages payable. As part of the agreements, portions of interest payments were deferred until the maturity date. The restructurings did not result in a change in the carrying amount of the mortgage payables 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 related mortgages payable as of December 31, 2024. The following table presents the pretax losses of the disposal group held for sale as of September 30, 2025 for the three and nine months ended September 30, 2025 and 2024, respectively (dollar amounts in thousands):
|  | For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Pretax income (loss) of disposal group held for sale |  | $ | 155 |  |  | $ | (1,588) |  |  | $ | (6,886) |  |  | $ | (62,120) |
Pretax (income) loss of disposal group attributable to non-controlling interest in Consolidated VIEs |  | (80) |  |  | 273 |  |  | 479 |  |  | 6,411 |
Pretax income (loss) of disposal group attributable to Company's common stockholders |  | $ | 75 |  |  | $ | (1,315) |  |  | $ | (6,407) |  |  | $ | (55,709) |

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