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Preferred Equity Investments (Details) $ in Thousands | Dec. 31, 2025 USD ($) item | Dec. 31, 2024 USD ($)
--- | --- | ---
Preferred Equity Investments |  |
Total | $ 35,697 | $ 82,195
Gross unrealized gain (loss), net | 41 | (527)
Total, net | $ 35,738 | 81,668
Number of joint ventures which are classified as available-for-sale debt securities | item | 5 |
Canvas at Wildwood |  |
Preferred Equity Investments |  |
Total | $ 9,862 | 1,928
Chandler |  |
Preferred Equity Investments |  |
Total |  | 15,000
Indigo Cove |  |
Preferred Equity Investments |  |
Total |  | 3,581
River Ford |  |
Preferred Equity Investments |  |
Total | 5,391 | 3,788
Sanford Marketplace |  |
Preferred Equity Investments |  |
Total | 5,044 |
The Cottages at Myrtle Beach |  |
Preferred Equity Investments |  |
Total |  | 17,913
The Cottages of Port St. Lucie |  |
Preferred Equity Investments |  |
Total |  | 18,785
Wayford at Innovation Park |  |
Preferred Equity Investments |  |
Total | $ 15,400 | 13,400
Wayford at Pringle |  |
Preferred Equity Investments |  |
Total |  | $ 7,800

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