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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Schedule of Real Estate Rental Revenue as a Percentage | Real estate rental revenue as a percentage of the total for each of the reportable operating segments for the three years ended December 31, 2023 was as follows:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Multifamily | 92 | % |  | 91 | % |  | 89 | %
Other | 8 | % |  | 9 | % |  | 11 | %
Schedule of Percentage of Income Producing Real Estate Assets by Segment | The percentage of income producing real estate assets classified as held and used, at cost, for each of the reportable operating segments as of December 31, 2023 and 2022 was as follows:
| 2023 |  | 2022
Multifamily | 96 | % |  | 92 | %
Other | 4 | % |  | 8 | %
Schedule of Reconciliation of Net Operating Income of Reportable Segments | The following tables present revenues, net operating income, capital expenditures and total assets for the three years ended December 31, 2023 from these segments, and reconciles net operating income of reportable segments to net (loss) income as reported (in thousands):
| Twelve Months Ended December 31, 2023
| Residential |  | Other (1) |  | Consolidated
Real estate rental revenue | $ | 209,311 |  |  | $ | 18,600 |  |  | $ | 227,911 |
Real estate expenses | 74,535 |  |  | 5,295 |  |  | 79,830 |
Net operating income | $ | 134,776 |  |  | $ | 13,305 |  |  | $ | 148,081 |
Property management expenses |  |  |  |  | (8,108) |
General and administrative expenses |  |  |  |  | (25,887) |
Transformation costs |  |  |  |  | (6,339) |
Depreciation and amortization |  |  |  |  | (88,950) |
Interest expense |  |  |  |  | (30,429) |
Loss on extinguishment of debt |  |  |  |  | (54) |
Other income |  |  |  |  | 569 |
Real estate impairment |  |  |  |  | (41,860) |
Net loss |  |  |  |  | $ | (52,977) |
Capital expenditures | $ | 37,782 |  |  | $ | 844 |  |  | $ | 38,626 |
Total assets | $ | 1,768,426 |  |  | $ | 131,602 |  |  | $ | 1,900,028 |
| Twelve Months Ended December 31, 2022
| Residential |  | Other (1) |  | Consolidated
Real estate rental revenue | $ | 190,500 |  |  | 18,880 |  |  | $ | 209,380 |
Real estate expenses | 68,735 |  |  | 5,266 |  |  | 74,001 |
Net operating income | $ | 121,765 |  |  | $ | 13,614 |  |  | $ | 135,379 |
Property management expenses |  |  |  |  | (7,436) |
General and administrative expenses |  |  |  |  | (28,258) |
Transformation costs |  |  |  |  | (9,686) |
Depreciation and amortization |  |  |  |  | (91,722) |
Interest expense |  |  |  |  | (24,940) |
Loss on extinguishment of debt |  |  |  |  | (4,917) |
Other income |  |  |  |  | 712 |
Net loss |  |  |  |  | $ | (30,868) |
Capital expenditures | $ | 35,081 |  |  | $ | 3,175 |  |  | $ | 38,256 |
Total assets | $ | 1,691,176 |  |  | $ | 181,430 |  |  | $ | 1,872,606 |
| Twelve Months Ended December 31, 2021
| Residential |  | Other (1), (2) |  | Consolidated
Real estate rental revenue | $ | 150,965 |  | $ | 18,186 |  |  | $ | 169,151 |
Real estate expenses | 55,527 |  | 5,255 |  |  | 60,782 |
Net operating income | $ | 95,438 |  |  | $ | 12,931 |  |  | $ | 108,369 |
Property management expenses |  |  |  |  | (6,133) |
General and administrative expenses |  |  |  |  | (27,538) |
Transformation costs |  |  |  |  | (6,635) |
Depreciation and amortization |  |  |  |  | (72,656) |
Interest expense |  |  |  |  | (34,063) |
Loss on interest rate derivatives |  |  |  |  | (5,866) |
Loss on extinguishment of debt |  |  |  |  | (12,727) |
Other income |  |  |  |  | 4,109 |
Discontinued operations: |  |  |  |  |
Income from properties sold or held for sale |  |  |  |  | 23,083 |
Gain on sale of real estate |  |  |  |  | 46,441 |
Net income |  |  |  |  | $ | 16,384 |
Capital expenditures | $ | 27,953 |  | $ | 4,506 |  |  | $ | 32,459 |
Total assets | $ | 1,455,328 |  | $ | 420,666 |  |  | $ | 1,875,994 |
______________________________ (1) Other represents Watergate 600, an office property that does not meet the qualitative or quantitative criteria for a reportable segment. (2) Total capital expenditures include office and retail properties classified as discontinued operations.

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