Investment in Real Estate, Net (Table) - Investment in real estate, net

12 Months Ended

Dec. 31, 2023

Real estate properties

Schedule of investment in real estate, excluding unconsolidated JVs, by property type and segment

	December 31,		December 31,
	2023		2022
Development property:
Residential	$	141,145	$	166,304
Hospitality		23,633		205,409
Commercial		99,719		131,133
Other		2,924		3,618
Total development property		267,421		506,464
Operating property:
Residential		10,905		7,854
Hospitality		419,095		221,542
Commercial		439,671		356,242
Other		—		127
Total operating property		869,671		585,765
Less: Accumulated depreciation		118,474		95,968
Total operating property, net		751,197		489,797
Investment in real estate, net	$	1,018,618	$	996,261

Operating property

Real estate properties

Schedule of operating property

		December 31,		December 31,
		2023		2022
Land and land improvements	$	206,089	$	146,257
Buildings and building improvements		648,655		425,347
Timber		14,927		14,161
		869,671		585,765
Less: Accumulated depreciation		118,474		95,968
Total operating property, net	$	751,197	$	489,797