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Operating Segments (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Schedule of operating segment, including segment assets and expenditures

The following table presents our reportable segments for the three and nine months ended September 30, 2020 and 2019:

			For the Three Months Ended September 30,								For the Nine Months Ended September 30,
			2020				2019				2020				2019
	Multifamily Segment
	Revenues		$	3,683			$	3,383			$	10,942			$	10,077
	Operating expenses			(2,411	)			(2,722	)			(6,465	)			(6,843	)
	Profit from segment			1,272				661				4,477				3,234
	Commercial Segment
	Revenues			7,770				8,024				23,518				24,275
	Operating expenses			(3,976	)			(3,161	)			(12,042	)			(12,360	)
	Profit from segment			3,794				4,863				11,476				11,915
	Total profit from segments		$	5,066			$	5,524			$	15,953			$	15,149

Schedule of reconciliaton of profit from segments to net income (loss)

The table below reflects the reconciliation of total profit from segments to net income (loss) for the three and nine months ended September 30, 2020 and 2019:

		For the Three Months Ended September 30,								For the Nine Months Ended September 30,
		2020				2019				2020				2019
Total profit from segments		$	5,066			$	5,524			$	15,953			$	15,149
Other non-segment items of income (expense)
Depreciation			(3,526	)			(3,416	)			(10,338	)			(9,964	)
General and administrative			(1,998	)			(2,107	)			(7,958	)			(7,716	)
Advisory fee to related party			(2,329	)			(2,403	)			(7,055	)			(6,807	)
Interest income			5,421				6,856				16,459				19,514
Other income			484				1,824				5,348				9,679
Interest expense			(7,622	)			(10,420	)			(26,295	)			(29,796	)
(Loss) gain on foreign currency transaction			(1,470	)			(5,153	)			774				(13,296	)
Loss on extinguishment of debt			—				(5,219	)			—				(5,219	)
Income (losses) from unconsolidated joint ventures			337				(75	)			(642	)			(1,135	)
Gain on sales or write-down of assets			15,325				5,139				24,802				9,792
Income tax expense			(50	)			—				(346	)			—
Net income (loss)		$	9,638			$	(9,450	)		$	10,702			$	(19,799	)

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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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.

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