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Operating Segments (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Schedule of Profit by Reportable segment

The following table presents our reportable segments for the three months ended March 31, 2021 and 2020:

									Three Months Ended March 31,
															2021						2020
Multifamily Segment
Revenues															$	3,836					$	3,556
Operating expenses															(2,123)						(1,945)
Profit from segment															1,713						1,611
Commercial Segment
Revenues															6,525						7,886
Operating expenses															(3,709)						(4,364)
Profit from segment															2,816						3,522
Total profit from segments															$	4,529					$	5,133

Reconciliation of Revenue from Segments to Consolidated

The table below reflects the reconciliation of total profit from segments to net income for the three months ended March 31, 2021 and 2020:

									Three Months Ended March 31,
															2021						2020
Total profit from segments															$	4,529					$	5,133
Other non-segment items of income (expense)
Depreciation															(3,327)						(3,394)
General and administrative															(3,235)						(4,292)
Advisory fee to related party															(2,436)						(2,373)
Other income															1,467						1,688
Interest income															5,644						5,754
Interest expense															(7,738)						(9,602)
Gain on foreign currency transaction															7,617						7,843
Income (losses) from unconsolidated joint ventures															3,336						(260)
Gain on sales or write-down of assets															17,398						4,138
Income tax expense															(40)						(247)
Net income															$	23,215					$	4,388

X

- Definition

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

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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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