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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Real estate    
Land $ 38,741 $ 38,741
Building and improvements 17,939 17,843
Intangible assets 9,172 9,495
Real estate under construction 291,130 133,898
Total real estate 356,982 199,977
Accumulated depreciation and amortization (3,441) (1,719)
Real estate, net 353,541 198,258
Cash and cash equivalents 20,125 143,467
Other assets 8,451 12,270
Total assets 382,117 353,995
Liabilities    
Debt, net 19,678
Short-term loan from affiliate 4,000
Lease liabilities 1,324 7,126
Accounts payable 12,584 1,686
Accrued expenses and other liabilities 9,097 6,728
Total liabilities 57,053 21,343
Commitments and contingencies
Members’ Capital    
Total members’ capital excluding noncontrolling interests 322,626 329,482
Noncontrolling interests 2,438 3,170
Total members’ capital 325,064 332,652
Total liabilities and members’ capital 382,117 353,995
Class A Units [Member]    
Members’ Capital    
Total members’ capital excluding noncontrolling interests 322,626 329,482
Class B Units [Member]    
Members’ Capital    
Total members’ capital excluding noncontrolling interests
Class M Units [Member]    
Members’ Capital    
Total members’ capital excluding noncontrolling interests
Related Party [Member]    
Liabilities    
Due to affiliates $ 10,370 $ 5,803