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Combined and Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Total revenues $ 30,551 $ 25,480 $ 55,986 $ 42,266
Costs and expenses:        
Depreciation and amortization 1,178 1,090 2,361 2,171
General and administrative [1] 4,586 7,552 11,979 21,650
Provision for (recovery of) loan losses (2) (69) 15 1,632
Other expense 8 315 63 602
Total costs and expenses 40,788 38,348 77,354 85,184
Unrealized and realized gain (losses) on equity investments (17,715) (76,268) (55,578) (166,932)
Income (loss) from operations before earnings from equity method investments and other items (27,952) (89,136) (76,946) (209,850)
Loss on early extinguishment of debt, net   (1,040)   (1,040)
Earnings from equity method investments   242   30,216
Net income (loss) from operations before income taxes (27,952) (89,934) (76,946) (180,674)
Income tax expense     (2)  
Net income (loss) (27,952) (89,934) (76,948) (180,674)
Net (income) from operations attributable to noncontrolling interests 837 (27) 852 (2)
Net income (loss) allocable to common shareholders $ (27,115) $ (89,961) $ (76,096) $ (180,676)
Per common share data:        
Net income (loss) allocable to common shareholders - Basic $ (2.04) $ (6.75) $ (5.71) $ (13.56)
Net income (loss) allocable to common shareholders - Diluted $ (2.04) $ (6.75) $ (5.71) $ (13.56)
Weighted average number of common shares:        
Basic (in shares) 13,320 13,320 13,320 13,320
Diluted (in shares) 13,320 13,320 13,320 13,320
Nonrelated party        
Costs and expenses:        
Interest expense $ 1,725 $ 2,609 $ 3,433 $ 12,708
Related party        
Costs and expenses:        
Interest expense 2,108 2,100 4,196 2,100
Operating lease income        
Revenues:        
Total revenues 1,701 1,610 3,581 3,310
Interest income        
Revenues:        
Total revenues 442 397 830 1,512
Other income        
Revenues:        
Total revenues [2] 12,707 11,655 19,259 16,062
Land development revenue        
Revenues:        
Total revenues 15,701 11,818 32,316 21,382
Costs and expenses:        
Cost of sales expense 19,007 12,356 31,353 22,332
Real estate expense        
Costs and expenses:        
Cost of sales expense $ 12,178 $ 12,395 $ 23,954 $ 21,989
[1] For the three months ended June 30, 2024 and 2023, includes $3.8 million and $7.2 million, respectively, of management fees incurred to related parties. For the six months ended June 30, 2024 and 2023, includes $10.0 million and $7.2 million, respectively, of management fees incurred to related parties.
[2] For the three months ended June 30, 2024 and 2023, includes $6.4 million and $6.1 million, respectively, of revenues from hotel properties. For the six months ended June 30, 2024 and 2023, includes $8.4 million and $8.1 million, respectively, of revenues from hotel properties.