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Schedule of Carrying Value Net Assets (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Real estate    
Land $ 44,135 $ 38,741
Building and improvements 121,819 17,939
Furniture, fixtures and equipment 660
Intangible assets 8,530 9,172
Real estate under construction 262,656 291,130
Accumulated depreciation and amortization (3,642) (3,441)
Real estate, net 434,158 353,541
Cash and cash equivalents 24,740 20,125
Other assets 17,257 8,451
Total assets 476,155 382,117
Liabilities    
Debt, net 119,905 19,678
Accounts payable 19,153 12,584
Accrued expenses and other liabilities 10,542 9,097
Total liabilities 159,255 57,053
Variable Interest Entity    
Real estate    
Land 31,454 26,059
Building and improvements 116,833 12,953
Furniture, fixtures and equipment 660
Intangible assets 6,174 6,816
Real estate under construction 262,408 290,627
Total real estate 417,529 336,455
Accumulated depreciation and amortization (2,175) (2,161)
Real estate, net 415,354 334,294
Cash and cash equivalents 2,973 8,204
Other assets 16,789 7,841
Total assets 435,116 350,339
Liabilities    
Debt, net 119,905 19,678
Due to affiliates 2,459 7,292
Lease liabilities 23 25
Accounts payable 19,100 12,374
Accrued expenses and other liabilities 9,910 8,595
Total liabilities $ 151,397 $ 47,964