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Operating Segments (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Profit by Reportable segment

The following table presents our reportable segments for the three and six months ended June 30, 2023 and 2022:

			Three Months Ended June 30,												Six Months Ended June 30,
			2023						2022						2023						2022
Multifamily Segment
Revenues			$	7,658					$	2,945					$	15,031					$	6,174
Operating expenses			(4,478)						(1,708)						(8,186)						(3,429)
Profit from segment			3,180						1,237						6,845						2,745
Commercial Segment
Revenues			3,731						4,314						7,367						8,566
Operating expenses			(2,553)						(2,104)						(4,951)						(4,411)
Profit from segment			1,178						2,210						2,416						4,155
Total profit from segments			$	4,358					$	3,447					$	9,261					$	6,900

Schedule of Reconciliation of Revenue from Segments to Consolidated

The table below reflects the reconciliation of total profit from segments to net income for the three and six months ended June 30, 2023 and 2022:

			Three Months Ended June 30,												Six Months Ended June 30,
			2023						2022						2023						2022
Total profit from segments			$	4,358					$	3,447					$	9,261					$	6,900
Other non-segment items of income (expense)
Depreciation and amortization			(3,200)						(2,298)						(6,302)						(4,647)
General and administrative			(3,684)						(2,194)						(6,845)						(4,914)
Advisory fee to related party			(2,183)						(2,858)						(4,588)						(6,043)
Other income			850						870						1,529						1,176
Interest income			7,898						7,625						16,193						12,902
Interest expense			(2,480)						(4,595)						(5,620)						(9,257)
Gain on foreign currency transaction			22						14,132						993						17,904
Loss on early extinguishment of debt			(1,710)						—						(1,710)						(1,639)
Income from unconsolidated joint ventures			293						2,048						2,712						7,242
Gain on sales or write-down of assets			188						3,893						188						15,041
Income tax provision			(49)						(40)						(1,289)						(68)
Net income			$	303					$	20,030					$	4,522					$	34,597

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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-Name Accounting Standards Codification
-Topic 280
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-Section 50
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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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