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Investments in Joint Ventures - Schedule of Investments in Joint Ventures (Details) - USD ($) $ in Thousands | Sep. 30, 2025 | Dec. 31, 2024
--- | --- | ---
Schedule of Equity Method Investments [Line Items] |  |
Total assets | $ 731,260 | $ 728,485
Capital – Third Parties | 427,718 | 423,103
Total liabilities and equity | 731,260 | 728,485
Brooksville Quarry, LLC |  |
Schedule of Equity Method Investments [Line Items] |  |
Investments in real estate, net | 14,351 | 14,354
Cash and restricted cash | 136 | 143
Unrealized rents & receivables | 0 | 0
Deferred costs | 2 | 1
Total assets | 14,489 | 14,498
Secured notes payable | 0 | 0
Other liabilities | 65 | 0
Capital – FRP | 7,541 | 7,579
Capital – Third Parties | 6,883 | 6,919
Total liabilities and equity | 14,489 | 14,498
BC FRP Realty, LLC |  |
Schedule of Equity Method Investments [Line Items] |  |
Investments in real estate, net | 21,467 | 20,956
Cash and restricted cash | 1,317 | 144
Unrealized rents & receivables | 483 | 517
Deferred costs | 380 | 313
Total assets | 23,647 | 21,930
Secured notes payable | 13,878 | 10,315
Other liabilities | 285 | 285
Capital – FRP | 4,742 | 5,665
Capital – Third Parties | 4,742 | 5,665
Total liabilities and equity | 23,647 | 21,930
Lending ventures |  |
Schedule of Equity Method Investments [Line Items] |  |
Investments in real estate, net | 10,339 | 16,007
Cash and restricted cash | 0 | 0
Unrealized rents & receivables | 0 | 0
Deferred costs | 0 | 0
Total assets | 10,339 | 16,007
Secured notes payable | (3,596) | (10,157)
Other liabilities | 187 | 0
Capital – FRP | 13,748 | 26,164
Capital – Third Parties | 0 | 0
Total liabilities and equity | 10,339 | 16,007
Total Multifamily JV’s |  |
Schedule of Equity Method Investments [Line Items] |  |
Investments in real estate, net | 448,495 | 439,691
Cash and restricted cash | 16,902 | 11,066
Unrealized rents & receivables | 7,249 | 7,216
Deferred costs | 6,767 | 6,631
Total assets | 479,413 | 464,604
Secured notes payable | 264,980 | 272,155
Other liabilities | 9,098 | 7,349
Capital – FRP | 111,248 | 109,031
Capital – Third Parties | 94,087 | 76,069
Total liabilities and equity | 479,413 | 464,604
Grand Total |  |
Schedule of Equity Method Investments [Line Items] |  |
Investments in real estate, net | 494,652 | 491,008
Cash and restricted cash | 18,355 | 11,353
Unrealized rents & receivables | 7,732 | 7,733
Deferred costs | 7,149 | 6,945
Total assets | 527,888 | 517,039
Secured notes payable | 275,262 | 272,313
Other liabilities | 9,635 | 7,634
Capital – FRP | 137,279 | 148,439
Capital – Third Parties | 105,712 | 88,653
Total liabilities and equity | $ 527,888 | $ 517,039

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