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Operating Segments (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Profit by Reportable Segment | The following table presents our profit by reportable segment:
| For the Years Ended December 31,
| 2024 |  | 2023 |  | 2022
Residential Segment |  |  |  |  |
Revenue | $ | 34,103 |  |  | $ | 34,962 |  |  | $ | 19,601 |
Operating expenses | (18,252) |  |  | (17,749) |  |  | (9,524) |
Profit from segment | 15,851 |  |  | 17,213 |  |  | 10,077 |
Commercial Segment |  |  |  |  |
Revenue | 12,967 |  |  | 14,943 |  |  | 17,059 |
Operating expenses | (8,811) |  |  | (10,147) |  |  | (8,815) |
Profit from segment | 4,156 |  |  | 4,796 |  |  | 8,244 |
Total profit from segments | $ | 20,007 |  |  | $ | 22,009 |  |  | $ | 18,321 |
Schedule of Reconciliation of Profit by Reportable Segment to Net Income (Loss) | The following table reconciles our profit by reportable segment to net income (loss):
| For the Years Ended December 31,
| 2024 |  | 2023 |  | 2022
Profit from reportable segments | $ | 20,007 |  |  | $ | 22,009 |  |  | $ | 18,321 |
Other non-segment items of income (expense) |  |  |  |  |
Depreciation and amortization | (12,276) |  |  | (13,646) |  |  | (9,686) |
General and administrative | (6,395) |  |  | (10,011) |  |  | (10,033) |
Advisory fee to related party | (8,225) |  |  | (10,187) |  |  | (8,753) |
Other income | 248 |  |  | 595 |  |  | 884 |
Interest income | 19,973 |  |  | 26,847 |  |  | 26,559 |
Interest expense | (7,838) |  |  | (9,502) |  |  | (17,529) |
Gain on foreign currency transactions | — |  |  | 993 |  |  | 20,067 |
Loss on early extinguishment of debt | — |  |  | (1,710) |  |  | (2,805) |
Equity in income from unconsolidated joint ventures | 1,449 |  |  | 3,242 |  |  | 469,268 |
(Loss) gain on real estate transactions | (23,989) |  |  | (1,923) |  |  | 87,132 |
Income tax provision | 3,607 |  |  | (1,456) |  |  | (98,108) |
Net (loss) income | $ | (13,439) |  |  | $ | 5,251 |  |  | $ | 475,317 |
Schedule of Reconciliation of Segment Information to the Corresponding Amounts in the Consolidated Balance Sheets | The table below reconciles the segment information to the corresponding amounts in the consolidated balance sheets:
| December 31,
| 2024 |  | 2023
Segment assets | $ | 523,792 |  |  | $ | 462,419 |
Real estate | 59,197 |  |  | 69,139 |
Investments in unconsolidated joint ventures | 10,246 |  |  | 10,060 |
Notes receivable | 138,349 |  |  | 144,142 |
Receivable from related parties | 97,544 |  |  | 96,533 |
Cash, short-term investments and other non-segment assets | 203,674 |  |  | 241,191 |
Total assets | $ | 1,032,802 |  |  | $ | 1,023,484 |

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- 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 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: 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 3: 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
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