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FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring Basis

The following tables set forth our financial assets measured at fair value on a recurring basis as of March 31, 2024 and December 31, 2023, by level within the fair value hierarchy. Assets measured at fair value are classified in their entirety based on the lowest level of input that is significant to their fair value measurement.

			Fair Value as of						Fair Value Measurements Using Fair Value Hierarchy as of
			March 31, 2024						March 31, 2024
			Total						Level 1						Level 2						Level 3						Valuation Technique
Assets
Cash and cash equivalents			$	22,968					$	22,968					$	—					$	—					Market
Restricted cash			41,328						41,328						—						—						Market
Notes receivable			11,664						—						11,664						—						Market
Total assets			$	75,960					$	64,296					$	11,664					$	—
			Fair Value as of						Fair Value Measurements Using Fair Value Hierarchy as of
			December 31, 2023						December 31, 2023
			Total						Level 1						Level 2						Level 3						Valuation Technique
Assets
Cash and cash equivalents			$	29,367					$	29,367					$	—					$	—					Market
Restricted cash			58,112						58,112						—						—						Market
Notes receivable			11,664						—						11,664						—						Market
Total assets			$	99,143					$	87,479					$	11,664					$	—

Fair Value, by Balance Sheet Grouping

The fair value of our bonds, notes and loans payable reported as Debt, net in the Consolidated Balance Sheets are presented in the table below:

			March 31, 2024						December 31, 2023
Series 2020 A Bonds (1)			$	148,896					$	138,666
Series 2020 B Bonds (1)			77,754						75,928
Series 2021 A Bonds (1)			163,653						154,306
Series 2021 B Bonds (1)			172,672						165,208
Senior Notes due 2027			625,746						625,038
EB-5 Loan Agreement			21,578						21,240
EB-5.2 Loan Agreement			8,279						8,183
EB-5.3 Loan Agreement			22,488						22,491

________________________________________________________

(1) Fair value is based upon market prices for similar municipal securities.

X

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482907/825-10-50-11

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