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Operating Segments (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Profit by Reportable segment

The following table presents our reportable segments for the three months ended March 31, 2024 and 2023:

									Three Months Ended March 31,
															2024						2023
Multifamily Segment
Revenues															$	8,053					$	7,373
Operating expenses															(4,219)						(3,708)
Profit from segment															3,834						3,665
Commercial Segment
Revenues															3,226						3,636
Operating expenses															(2,415)						(2,398)
Profit from segment															811						1,238
Total profit from segments															$	4,645					$	4,903

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 months ended March 31, 2024 and 2023:

									Three Months Ended March 31,
															2024						2023
Total profit from segments															$	4,645					$	4,903
Other non-segment items of income (expense)
Depreciation and amortization															(3,172)						(3,102)
General and administrative															(1,408)						(3,161)
Advisory fee to related party															(2,202)						(2,405)
Other income															620						679
Interest income															5,733						8,295
Interest expense															(1,922)						(3,140)
Gain on foreign currency transaction															—						971
Income from unconsolidated joint ventures															483						2,419
Income tax provision															(475)						(1,240)
Net income															$	2,302					$	4,219

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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