Investment In Unconsolidated Entities - Additional Information (Details)
$ in Thousands, ft² in Millions |
3 Months Ended |
6 Months Ended |
|
|
Jun. 30, 2023
USD ($)
a
ft²
individual
building
|
Jun. 30, 2022
USD ($)
|
Jun. 30, 2023
USD ($)
a
ft²
individual
building
|
Jun. 30, 2022
USD ($)
|
Dec. 31, 2022
USD ($)
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
| Revenue from customers |
$ 20,902
|
$ 4,988
|
$ 26,095
|
$ 9,449
|
|
| Number of buildings owned | building |
1
|
|
1
|
|
|
| Area of land (in acres) | a |
50
|
|
50
|
|
|
| Number of buildings on campus | building |
4
|
|
4
|
|
|
| Revenues |
$ 21,349
|
5,393
|
$ 27,050
|
10,279
|
|
| The Company’s investment in the Great Park Venture |
302,337
|
|
302,337
|
|
$ 331,594
|
| Equity in earnings (losses) from unconsolidated entities |
$ 52,128
|
643
|
53,176
|
(389)
|
|
| Great Park Venture |
|
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
| Distribution to holders of Legacy Interests |
|
|
25,500
|
|
|
| Distributions to holders of Percentage Interests |
|
|
218,000
|
|
|
| Gateway Commercial Venture |
|
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
| Revenue from customers |
|
|
$ 4,175
|
4,059
|
|
| Area of land (in acres) | a |
73
|
|
73
|
|
|
| Number of buildings on campus | building |
4
|
|
4
|
|
|
| Area of gateway campus | ft² |
1
|
|
1
|
|
|
| Land sales |
|
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
| Revenue from customers |
$ (13)
|
1,725
|
$ 586
|
2,283
|
|
| Land sales | Related Party |
|
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
| Revenues |
(29)
|
1,711
|
595
|
1,712
|
|
| Land sales | Nonrelated Party |
|
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
| Revenues |
$ 16
|
14
|
(9)
|
571
|
|
| Land sales | Great Park Venture | Related Party |
|
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
| Revenue from customers |
|
|
7,400
|
3,200
|
|
| Land sales | Great Park Venture | Nonrelated Party |
|
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
| Revenue from customers |
|
|
361,800
|
600
|
|
| Homesites Sold | Great Park Venture |
|
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
| Revenue from customers |
|
|
357,800
|
|
|
| Rental Revenue | Gateway Commercial Venture |
|
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
| Revenues |
|
|
$ 4,200
|
4,100
|
|
| Great Park Venture |
|
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
| Percentage of equity ownership |
37.50%
|
|
37.50%
|
|
|
| Return of investment |
|
|
$ 29,028
|
0
|
|
| Return of investment |
|
|
81,800
|
|
|
| Remaining maximum participating Legacy Interest distribution rights |
|
|
$ 40,700
|
|
|
| Percent of future distributions to legacy interest holders |
|
|
10.00%
|
|
|
| The Company’s investment in the Great Park Venture |
$ 260,745
|
|
$ 260,745
|
|
289,026
|
| Equity in earnings (losses) from unconsolidated entities |
$ 52,322
|
207
|
$ 53,484
|
(1,094)
|
|
| Gateway Commercial Venture |
|
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
| Percentage of equity ownership |
75.00%
|
|
75.00%
|
|
|
| The Company’s investment in the Great Park Venture |
$ 40,028
|
|
$ 40,028
|
|
40,695
|
| Equity in earnings (losses) from unconsolidated entities |
$ (455)
|
$ 100
|
$ (667)
|
184
|
|
| Gateway Commercial Venture | Five Point Office Venture Holdings I, LLC Acquisition |
|
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
| Percentage of equity ownership |
75.00%
|
|
75.00%
|
|
|
| Number of individuals entitled to be appointed to executive committee | individual |
2
|
|
2
|
|
|
| Valencia Landbank Venture |
|
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
| Percentage of equity ownership |
10.00%
|
|
10.00%
|
|
|
| Return of investment |
|
|
$ 648
|
1,544
|
|
| The Company’s investment in the Great Park Venture |
$ 1,600
|
|
1,600
|
|
$ 1,900
|
| Equity in earnings (losses) from unconsolidated entities |
|
|
$ 400
|
$ 500
|
|