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Combined and Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Real estate    
Real estate, at cost [1] $ 97,400 $ 94,593
Less: accumulated depreciation [1] (21,080) (18,096)
Real estate, net [1] 76,320 76,497
Land and development, net [1] 198,289 232,014
Loans receivable and other lending investments, net ($484 and $925 of allowances as of September 30, 2023 and December 31, 2022, respectively) [1] 20,173 48,655
Loan receivable held for sale [1]   37,650
Other investments [1] 240,986 587,138
Cash and cash equivalents [1] 45,563 4,227
Accrued interest and operating lease income receivable, net [1] 851 1,132
Deferred operating lease income receivable, net [1] 1,042 1,137
Deferred expenses and other assets, net [1] 21,044 16,921
Total assets [1] 604,268 1,005,371
Liabilities:    
Accounts payable, accrued expenses and other liabilities [1],[2] 42,668 33,102
Debt obligations, net [1] 212,819  
Total liabilities [1] 255,487 33,102
Commitments and contingencies (refer to Note 10) [1]
Equity:    
Net Parent Investment [1]   971,543
Star Holdings shareholders' equity:    
Common Stock, $0.001 par value, 200,000 shares authorized, 13,320 and zero shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively [1] 13  
Additional paid-in capital [1] 607,623  
Accumulated deficit [1] (262,575)  
Accumulated other comprehensive loss [1] (139)  
Star Holdings shareholders' equity [1] 344,922  
Noncontrolling interests [1] 3,859 726
Total equity [1] 348,781 972,269
Total liabilities and equity [1] $ 604,268 $ 1,005,371
[1] Refer to Note 2 for details on the Company’s combined and consolidated variable interest entities (“VIEs”).
[2] As of September 30, 2023, includes $7.2 million of management fees due to Safe (refer to Note 1).