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Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Schedule of Reconciliation of Total Revenue to consolidated Net Loss | The table below reconciles total segment revenues to consolidated net loss and includes the significant segment expenses regularly provided to and reviewed by the CODM as part of their decision making process (in thousands):
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Total revenue |  | $ | 4,785 |  |  | $ | 3,251 |  |  | $ | 14,037 |  |  | $ | 13,240 |
Real estate taxes |  |  | (607 | ) |  |  | (971 | ) |  |  | (2,252 | ) |  |  | (3,602 | )
Abandoned project costs |  |  | — |  |  |  | (5,732 | ) |  |  | — |  |  |  | (5,732 | )
Common area maintenance |  |  | (2,037 | ) |  |  | (2,422 | ) |  |  | (5,155 | ) |  |  | (6,312 | )
Property insurance |  |  | (702 | ) |  |  | (1,327 | ) |  |  | (3,089 | ) |  |  | (4,404 | )
Personnel expenses (1) |  |  | (2,773 | ) |  |  | (3,934 | ) |  |  | (19,177 | ) |  |  | (13,765 | )
Interest expense |  |  | (5,290 | ) |  |  | (6,051 | ) |  |  | (15,659 | ) |  |  | (19,344 | )
Other segment items (2) |  |  | (5,723 | ) |  |  | (4,700 | ) |  |  | (31,835 | ) |  |  | (100,694 | )
Net loss |  | $ | (12,347 | ) |  | $ | (21,886 | ) |  | $ | (63,130 | ) |  | $ | (140,613 | )
(1) Personnel expenses include expenses related to employee base compensation, bonuses, cash payments in lieu of equity, share based compensation and third-party consulting fees. (2) Other segment items include expenses included in the measure of segment loss that are not considered significant. Items that are not considered significant include the following: property utilities, audit and tax fees, office expenses, trustee fees, information and technology costs, legal fees, corporate insurance and other miscellaneous expenses. Other segment items also include the following: depreciation and amortization, gain on sale of real estate, loss on sale of interests in unconsolidated entities, impairment of real estate assets and equity in income (loss) of unconsolidated entities, interest and other income, net and provision for income taxes.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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