XML 55 R46.htm IDEA: XBRL DOCUMENT v3.26.1
Investments in Unconsolidated Entities - Summary of Combined Financial Data of Unconsolidated Entities (Detail) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Investment in real estate      
Land $ 25,406 $ 65,009  
Accumulated depreciation (14,908) (39,940)  
Net investment in real estate 146,073 358,634  
Cash and cash equivalents 48,088 85,206 $ 134,001
Total assets 393,779 677,774  
Liabilities      
Total liabilities 60,979 271,971  
Member's Interests      
Retained earnings (accumulated deficit) (1,031,893) (958,778)  
Total equity 332,800 405,803 $ 563,164
Total liabilities and equity 393,779 677,774  
Total revenue 18,204 17,622  
Net loss (68,215) (153,536)  
Unconsolidated Entities Including UTC JV [Member]      
Investment in real estate      
Land 27,992 27,992  
Buildings and improvements 149,373 149,628  
Accumulated depreciation (17,324) (11,943)  
Investment in real estate, gross 160,041 165,677  
Construction in progress 3,521 3,013  
Net investment in real estate 163,562 168,690  
Cash and cash equivalents 1,642 2,839  
Tenant and other receivables, net 11,780 11,408  
Other assets, net 10,236 11,131  
Total assets 187,220 194,068  
Liabilities      
Accounts payable, accrued expenses and other liabilities 6,026 6,335  
Total liabilities 6,026 6,335  
Member's Interests      
Total equity 181,194 187,733  
Total liabilities and equity 187,220 194,068  
Carrying value of Company's investments in equity investments 95,475 98,587  
Total revenue 18,308 17,712  
Property operating expenses (3,422) (3,450)  
Depreciation and amortization (6,461) (6,252)  
Operating income (loss) 8,425 8,010  
Other expenses (485) (875)  
Net loss 7,940 7,135  
Equity in income (loss) of unconsolidated entities [1] 4,149 3,716  
Unconsolidated Entities [Member] | Unconsolidated Entities Excluding UTC JV [Member]      
Investment in real estate      
Land 60,931 88,153  
Buildings and improvements 30,991 74,644  
Accumulated depreciation (10,466) (30,854)  
Investment in real estate, gross 81,456 131,943  
Construction in progress 70,207 64,212  
Net investment in real estate 151,663 196,155  
Cash and cash equivalents 7,817 18,164  
Tenant and other receivables, net 345 35  
Other assets, net 15,625 17,921  
Total assets 175,450 232,275  
Liabilities      
Accounts payable, accrued expenses and other liabilities 12,076 12,194  
Total liabilities 12,076 12,194  
Member's Interests      
Total equity 163,374 220,081  
Total liabilities and equity 175,450 232,275  
Carrying value of Company's investments in equity investments 60,767 91,112  
Total revenue 2,634 1,454  
Property operating expenses (3,598) (5,087)  
Depreciation and amortization (2,467) (4,215)  
Operating income (loss) (3,431) (7,848)  
Other expenses 199 (187)  
Gains (losses) and (impairments) (31,200) (13,537)  
Net loss (34,432) (21,572)  
Equity in income (loss) of unconsolidated entities [2] $ (17,318) $ (6,870)  
[1] Equity in income (loss) of unconsolidated entities on the consolidated statements of operations includes basis difference adjustments.
[2] Equity in loss of unconsolidated entities on the consolidated statements of operations includes basis difference adjustments.