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Segment Disclosures
6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Segment Disclosures SEGMENT DISCLOSURESSubsequent to July 23, 2019, we operate our business through two segments: Asset Management, and Real Estate Services.
In our Asset Management segment, we focus on providing management services to a wide range of real estate owners 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. The properties and businesses we currently manage are located primarily along the Washington, D.C. Metro Silver Line in Fairfax and Loudoun Counties, but we also manage projects in other jurisdictions including Maryland and Virginia.
In our Real Estate Services segment, our experienced 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 and engineering services, 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. The Real Estate Services segment operates in the Mid-Atlantic Region.
The following table includes the Company’s two reportable segments of Asset Management and Real Estate Services, excluding discontinued operations, for the three and six months ended June 30, 2020 and 2019.
Asset
Management
Real Estate
Services
Total
Three Months Ended June 30, 2020
Gross revenue
$4,140  $2,324  $6,464  
Gross profit923  1,226  2,149  
Net income417  763  1,180  
Total assets
13,627  4,518  18,145  
Three Months Ended June 30, 2019
Gross revenue
$4,439  $898  $5,337  
Gross profit (loss)
499  (11) 488  
Net income (loss)
275  (353) (78) 
Total assets
3,923  3,396  7,319  
Six Months Ended June 30, 2020
Gross revenue$9,575  $3,855  $13,430  
Gross profit1,725  1,377  3,102  
Net income700  468  1,168  
Total assets13,627  4,518  18,145  
Six Months Ended June 30, 2019
Gross revenue$8,593  $1,626  $10,219  
Gross profit986  223  1,209  
Net income (loss)717  (339) 378  
Total assets3,923  3,396  7,319