XML 60 R45.htm IDEA: XBRL DOCUMENT v3.25.1
Investments in Joint Ventures - Schedule of Investments in Joint Ventures (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Schedule of Equity Method Investments [Line Items]      
Total assets $ 728,485 $ 709,166 $ 701,084
Capital – Third Parties 423,103 414,520  
Total liabilities and equity 728,485 709,166  
Brooksville Quarry, LLC      
Schedule of Equity Method Investments [Line Items]      
Investments in real estate, net 14,354 14,358  
Cash and restricted cash 143 80  
Unrealized rents & receivables 0 0  
Deferred costs 1 1  
Total assets 14,498 14,439  
Secured notes payable 0 0  
Other liabilities 0 0  
Capital – FRP 7,579 7,552  
Capital – Third Parties 6,919 6,887  
Total liabilities and equity 14,498 14,439  
BC FRP Realty, LLC      
Schedule of Equity Method Investments [Line Items]      
Investments in real estate, net 20,956 21,503  
Cash and restricted cash 144 127  
Unrealized rents & receivables 517 464  
Deferred costs 313 360  
Total assets 21,930 22,454  
Secured notes payable 10,315 12,086  
Other liabilities 285 402  
Capital – FRP 5,665 4,983  
Capital – Third Parties 5,665 4,983  
Total liabilities and equity 21,930 22,454  
Lending ventures      
Schedule of Equity Method Investments [Line Items]      
Investments in real estate, net 16,007 17,117  
Cash and restricted cash 0 0  
Unrealized rents & receivables 0 0  
Deferred costs 0 0  
Total assets 16,007 17,117  
Secured notes payable (10,157) (10,578)  
Other liabilities 0 0  
Capital – FRP 26,164 27,695  
Capital – Third Parties 0 0  
Total liabilities and equity 16,007 17,117  
Total Multifamily      
Schedule of Equity Method Investments [Line Items]      
Investments in real estate, net 439,691 447,257  
Cash and restricted cash 11,066 13,942  
Unrealized rents & receivables 7,216 7,267  
Deferred costs 6,631 5,868  
Total assets 464,604 474,334  
Secured notes payable 272,155 262,209  
Other liabilities 7,349 8,340  
Capital – FRP 109,031 120,546  
Capital – Third Parties 76,069 83,239  
Total liabilities and equity 464,604 474,334  
Grand Total      
Schedule of Equity Method Investments [Line Items]      
Investments in real estate, net 491,008 500,235  
Cash and restricted cash 11,353 14,149  
Unrealized rents & receivables 7,733 7,731  
Deferred costs 6,945 6,229  
Total assets 517,039 528,344  
Secured notes payable 272,313 263,717  
Other liabilities 7,634 8,742  
Capital – FRP 148,439 160,776  
Capital – Third Parties 88,653 95,109  
Total liabilities and equity $ 517,039 $ 528,344