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Segment Information (Tables)
 12 Months Ended
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,
 202320222021
Multifamily92 %91 %89 %
Other8 %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:
 
 20232022
Multifamily96 %92 %
Other4 %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 expenses74,535 5,295 79,830 
Net operating income$134,776 $13,305 $148,081 
Property management expenses(8,108)
General and administrative expenses(25,887)
Transformation costs(6,339)
Depreciation and amortization(88,950)
Interest expense(30,429)
Loss on extinguishment of debt(54)
Other income569 
Real estate impairment(41,860)
Net loss$(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 expenses68,735 5,266 74,001 
Net operating income$121,765 $13,614 $135,379 
Property management expenses(7,436)
General and administrative expenses(28,258)
Transformation costs(9,686)
Depreciation and amortization(91,722)
Interest expense(24,940)
Loss on extinguishment of debt(4,917)
Other income712 
Net loss$(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 expenses55,5275,255 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 income4,109 
Discontinued operations:
Income from properties sold or held for sale23,083 
Gain on sale of real estate46,441 
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.