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Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Schedule of Segment Information | The table below presents the operating activity of the Company’s reportable segments:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Office segment |  |  |  |  |
Office revenues | $ | 812,375 |  |  | $ | 852,700 |  |  | $ | 795,370 |
Office expenses | (312,018) |  |  | (308,668) |  |  | (280,334) |
Office segment profit | 500,357 |  |  | 544,032 |  |  | 515,036 |
Studio segment |  |  |  |  |
Studio revenues | 139,922 |  |  | 173,524 |  |  | 101,465 |
Studio expenses | (138,447) |  |  | (105,150) |  |  | (55,513) |
Studio segment profit | 1,475 |  |  | 68,374 |  |  | 45,952 |
TOTAL SEGMENT PROFIT | $ | 501,832 |  |  | $ | 612,406 |  |  | $ | 560,988 |
Segment revenues | $ | 952,297 |  |  | $ | 1,026,224 |  |  | $ | 896,835 |
Segment expenses | (450,465) |  |  | (413,818) |  |  | (335,847) |
TOTAL SEGMENT PROFIT | $ | 501,832 |  |  | $ | 612,406 |  |  | $ | 560,988 |
The table below is a reconciliation of net (loss) income to total profit from all segments:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
NET (LOSS) INCOME | $ | (170,700) |  |  | $ | (16,517) |  |  | $ | 29,012 |
General and administrative | 74,958 |  |  | 79,501 |  |  | 71,346 |
Depreciation and amortization | 397,846 |  |  | 373,219 |  |  | 343,614 |
Loss (income) from unconsolidated real estate entities | 3,902 |  |  | (943) |  |  | (1,822) |
Fee income | (6,181) |  |  | (7,972) |  |  | (3,221) |
Interest expense | 214,415 |  |  | 149,901 |  |  | 121,939 |
Interest income | (2,182) |  |  | (2,340) |  |  | (3,794) |
Management services reimbursement income—unconsolidated real estate entities | (4,125) |  |  | (4,163) |  |  | (1,132) |
Management services expense—unconsolidated real estate entities | 4,125 |  |  | 4,163 |  |  | 1,132 |
Transaction-related expenses | (1,150) |  |  | 14,356 |  |  | 8,911 |
Unrealized loss (gain) on non-real estate investments | 3,120 |  |  | 1,440 |  |  | (16,571) |
(Gain) loss on sale of real estate | (103,202) |  |  | 2,164 |  |  | — |
Impairment loss | 60,158 |  |  | 28,548 |  |  | 2,762 |
(Gain) loss on extinguishment of debt | (10,000) |  |  | — |  |  | 6,259 |
Other expense (income) | 6 |  |  | (8,951) |  |  | 2,553 |
Loss on sale of bonds | 34,046 |  |  | — |  |  | — |
Income tax provision | $ | 6,796 |  |  | $ | — |  |  | $ | — |
TOTAL PROFIT FROM ALL SEGMENTS | $ | 501,832 |  |  | $ | 612,406 |  |  | $ | 560,988 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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