During the three months ended March 31, 2019 and 2018 we operated our business through our three segments: Homebuilding, Asset Management, and Real Estate Services. We are focused on the Washington, D.C. MSA.

In our Asset Management segment, we focus on providing management services to a wide range of real estate assets and businesses that include a variety of commercial real estate uses, including apartments, hotels, office buildings, commercial garages, leased lands, retail stores, mixed-use developments, and urban transit-oriented developments. We have significant experience with construction, development, property and asset management services. The properties and businesses we currently manage are located primarily along the Washington, D.C. Metro Silver Line in Fairfax and Loudoun Counties, but also include projects in Montgomery County, Maryland and the Town of Herndon, Virginia.

In our Real Estate Services segment, our experienced real estate services-based management team provides a wide range of real estate services in the areas of strategic corporate planning, capital markets, brokerage services, and environmental and design based services. Our environmental services group provides consulting, environmental studies, remediation services and provide site specific solutions for any project that may have an environmental impact, from environmental due diligence to site-specific assessments and remediation. This business line not only allows us to generate positive fee income from our highly qualified personnel but also serves as a potential catalyst for joint venture and acquisition opportunities.

In our Homebuilding segment, we develop properties with the intent to sell as fee-simple properties or condominiums to individual buyers or to private or institutional investors. On April 30, 2019 the Company completed the previously announced exit from homebuilding and land development. See Note 22 – Subsequent Events for details regarding the transaction.

The Asset Management and Homebuilding segments operate solely within the Company’s Washington, D.C. MSA reportable geographic area. The Real Estate Services segment operates in the Washington, D.C. MSA, New Jersey, and Pennsylvania geographic area. The following table includes the Company’s three reportable segments of Homebuilding, Asset Management, and Real Estate Services for the three months ended March 31, 2019 and 2018.

				Asset		Real Estate
	Homebuilding			Management		Services			Total
Three Months Ended March 31, 2019
Gross revenue	$	6,978		$	3,652	$	728		$	11,358
Gross profit		256			335		234			825
Net income		126			230		13			369
Depreciation and amortization		—			7		38			45
Interest expense		12			—		22			34
Total assets		26,042			1,808		3,071			30,921
Three Months Ended March 31, 2018
Gross revenue	$	5,561		$	2,791	$	447		$	8,799
Gross profit		66			250		270			586
Net (loss) income		(681	)		250		(197	)		(628	)
Depreciation and amortization		—			—		37			37
Interest expense		61			—		24			85
Total assets		46,409			3,976		2,913			53,298

The Company allocates sales, marketing and general and administrative expenses to the individual segments based upon specifically allocable costs.