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Segment Reporting (Tables)

12 Months Ended

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

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- References

No definition available.

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