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Real Estate Owned and Related Debt (Tables) | 6 Months Ended
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Jun. 30, 2021
Real Estate [Abstract] |
Schedule of Business Acquisitions | On May 24, 2021, in accordance with ASC 805, "Business Combinations," we allocated the fair value of the hotel’s assets and liabilities. On June 29, 2021, we repaid the $110.0 million mortgage loan against the property. Below are the hotel's assets and liabilities as of May 24 and June 30, 2021, which are designated as real estate owned on our condensed consolidated balance sheet ($ in thousands):
| June 30, 2021 |  | May 24, 2021
Assets: |  |  |
Cash | $ | 3,245 |  |  | $ | 4,148 |
Buildings | 86,871 |  |  | 86,871 |
Land | 58,742 |  |  | 58,742 |
Furniture, fixtures, and equipment | 8,687 |  |  | 8,687 |
Accumulated depreciation | (452) |  |  | — |
Other Assets | 1,579 |  |  | 1,555 |
Total Assets | $ | 158,672 |  |  | $ | 160,003 |
Liabilities: |  |  |
Debt related to real estate owned(1) | $ | — |  |  | $ | 110,073 |
Accounts payable, accrued expenses and other liabilities | 5,138 |  |  | 4,641 |
Total Liabilities | $ | 5,138 |  |  | $ | 114,714 |
Net Real Estate Assets | $ | 153,534 |  |  | $ | 45,289 |
——————— (1)$110 million first mortgage loan was repaid on June 29, 2021.
Real Estate Investment Financial Statements, Disclosure | For the three and six months ended June 30, 2021, we recorded the operating revenue, expenses and fixed asset depreciation and amortization in its condensed consolidated income statement as shown below ($ in thousands):
| Three and six months ended
| June 30, 2021 |  |
Operations related to real estate owned: |  |  |
Revenue from operations | $ | 1,374 |  |  |
Operating expenses | (1,994) |  |  |
Depreciation and amortization | (452) |  |  |
Net loss from real estate owned | $ | (1,072) |  |  |

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- Definition Tabular disclosure of nonconsolidated investments in real estate including interests in corporations, partnerships and joint ventures. Disclosures may include summarized aggregate financial statements for the real estate investments. + References No definition available. + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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