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Segment Disclosures
3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Segment Disclosures SEGMENT DISCLOSURES
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 provides 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 months ended March 31, 2021 and 2020.
Asset
Management
Real Estate
Services
Total
Three Months Ended March 31, 2021
Gross revenue
$6,840 $1,477 $8,317 
Gross profit762 390 1,152 
Net income403 (156)247 
Total assets
23,778 3,942 27,720 
Three Months Ended March 31, 2020
Gross revenue
$5,435 $1,531 $6,966 
Gross profit803 315 1,118 
Net loss284 (296)(12)
Total assets
19,661 3,129 22,790