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Operating Segments (Tables)
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Schedule of Profit by Reportable segment
The following table presents our reportable segments for the three and nine months ended September 30, 2024 and 2023:
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Multifamily Segment
Revenues$7,967 $7,899 $23,947 $22,930 
Operating expenses(4,642)(4,811)(13,358)(12,997)
Profit from segment3,325 3,088 10,589 9,933 
Commercial Segment
Revenues3,107 3,939 9,594 11,306 
Operating expenses(2,347)(2,632)(6,889)(7,583)
Profit from segment760 1,307 2,705 3,723 
Total profit from segments$4,085 $4,395 $13,294 $13,656 
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 nine months ended September 30, 2024 and 2023:
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Total profit from segments$4,085 $4,395 $13,294 $13,656 
Other non-segment items of income (expense)
Depreciation and amortization(3,120)(3,313)(9,429)(9,615)
General and administrative(1,590)(1,579)(4,550)(8,424)
Advisory fee to related party(1,971)(2,295)(5,910)(6,883)
Other income533 688 1,738 2,217 
Interest income5,506 9,008 16,033 25,201 
Interest expense(2,123)(1,954)(5,958)(7,574)
Gain on foreign currency transaction— — — 993 
Loss on early extinguishment of debt— — — (1,710)
Income from unconsolidated joint ventures423 234 1,407 2,946 
(Loss) gain on real estate transactions(23,400)(32)(23,400)156 
Income tax provision4,641 (1,127)3,552 (2,416)
Net (loss) income$(17,016)$4,025 $(13,223)$8,547