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Schedule of Carrying Value Net Assets (Details) - USD ($)
$ in Thousands
Dec. 31, 2022
Jun. 28, 2022
Dec. 31, 2021
Nov. 30, 2021
Sep. 14, 2021
Assets          
Real estate under construction $ 133,898 $ 4,633 $ 76,882 $ 11,853 [1]  
Cash and cash equivalents 143,467 87 192,131 2,165  
Loan receivable to affiliate   3,462    
Other assets 12,270 2,105 [2] 1,241 519 [3]  
Total assets 353,995   341,426    
Due to affiliates 5,803   1,544    
Accounts payable 1,686   1,352    
Total liabilities $ 21,343   $ 17,551    
Total net assets   $ 3,770   $ 23,072  
Belpointe REIT [Member]          
Assets          
Real estate under construction [4]         $ 4
Cash and cash equivalents         14,251
Loan receivable to affiliate [4],[5]         24,773
Investment in real estate [6]         3,207
Other assets [4]         7
Total assets         42,242
Due to affiliates [4]         256
Accounts payable [4]         17
Accrued expenses and other liabilities [4]         5
Total liabilities         278
Total net assets [7]         $ 41,964
[1] Represents non-cash investing activity during the year ended December 31, 2021.
[2] Includes restricted cash of $1.4 million.
[3] Includes restricted cash of $0.3 million. The remaining $0.2 million represents non-cash investing activity during the year ended December 31, 2021.
[4] Represents non-cash investing activity during the year ended December 31, 2021.
[5] The Secured Notes, as further discussed in “Note 5 – Related Party Arrangements,” and respective accrued interest were eliminated upon the Exchange Date.
[6] Proceeds from the redemption of Belpointe REIT’s preferred equity interests, as further discussed in “Note 8 – Loans Receivable,” were received on October 1, 2021.
[7] Represents our noncontrolling interest in Belpointe REIT as of the Exchange Date relating to the shares of Belpointe REIT Common Stock that were not tendered. Upon consummation of the Merger, on October 12, 2021, the noncontrolling interest carrying value was reclassed to the Class A unitholders members’ equity.