XML 46 R35.htm IDEA: XBRL DOCUMENT
v3.24.1

Operating Segments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Segment Reporting [Abstract] |
Schedule of Profit by Reportable Segment | The following table presents our profit by reportable segment:
| For the Years Ended December 31,
| 2023 |  | 2022 |  | 2021
Residential Segment |  |  |  |  |
Revenue | $ | 32,608 |  |  | $ | 17,828 |  |  | $ | 14,495 |
Operating expenses | (17,749) |  |  | (9,524) |  |  | (8,167) |
Profit from segment | 14,859 |  |  | 8,304 |  |  | 6,328 |
Commercial Segment |  |  |  |  |
Revenue | 14,415 |  |  | 16,252 |  |  | 23,313 |
Operating expenses | (10,147) |  |  | (8,815) |  |  | (12,693) |
Profit from segment | 4,268 |  |  | 7,437 |  |  | 10,620 |
Total profit from segments | $ | 19,127 |  |  | $ | 15,741 |  |  | $ | 16,948 |
Schedule of Reconciliation of Revenue from Segments to Consolidated | The following table reconciles our profit by reportable segment to net income (loss):
| For the Years Ended December 31,
| 2023 |  | 2022 |  | 2021
Profit from reportable segments | $ | 19,127 |  |  | $ | 15,741 |  |  | $ | 16,948 |
Other non-segment items of income (expense) |  |  |  |  |
Depreciation and amortization | (13,646) |  |  | (9,686) |  |  | (11,870) |
General and administrative | (10,011) |  |  | (10,033) |  |  | (15,942) |
Advisory fee to related party | (10,187) |  |  | (8,753) |  |  | (13,985) |
Other income | 3,477 |  |  | 3,464 |  |  | 4,231 |
Interest income | 26,847 |  |  | 26,559 |  |  | 17,760 |
Interest expense | (9,502) |  |  | (17,529) |  |  | (23,419) |
Gain (loss) on foreign currency transactions | 993 |  |  | 20,067 |  |  | (6,175) |
Loss on early extinguishment of debt | (1,710) |  |  | (2,805) |  |  | (1,451) |
Equity in income from unconsolidated joint ventures | 3,242 |  |  | 469,268 |  |  | 14,634 |
(Loss) gain on sale, remeasurement or write down of assets | (1,923) |  |  | 87,132 |  |  | 24,647 |
Income tax provision | (1,456) |  |  | (98,108) |  |  | 1,067 |
Net income | $ | 5,251 |  |  | $ | 475,317 |  |  | $ | 6,445 |
Schedule of Reconciliation of Assets from Segment to Consolidated | The table below reconciles the segment information to the corresponding amounts in the consolidated balance sheets:
| December 31,
| 2023 |  | 2022
Segment assets | $ | 462,419 |  |  | $ | 448,995 |
Real estate | 69,139 |  |  | 80,055 |
Investments in unconsolidated joint ventures | 10,060 |  |  | 28,226 |
Notes receivable | 144,142 |  |  | 139,609 |
Receivable from related parties | 96,533 |  |  | 108,184 |
Cash, short-term investments and other non-segment assets | 241,191 |  |  | 392,410 |
Total assets | $ | 1,023,484 |  |  | $ | 1,197,479 |

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration