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Investments in Real Estate Ventures (Tables)
 12 Months Ended
Dec. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Equity Method Investments, Group of Investment Consolidated Balance Sheet at Fair Value
The Company's material unconsolidated investments in real estate ventures are recorded on the consolidated balance sheets at fair value. The following table summarizes these investments (in thousands):
December 31,
Description20212020
Investors X$1,484 $5,147 
The Hartford1,211 1,160 
BLVD 442,007 — 
Total$4,702 $6,307 
Schedule of Investments in Real Estate Ventures
The following table below summarizes the activity of the Company’s unconsolidated investments in real estate ventures that are reported at fair value (in thousands):
Balance as of December 31, 2019$8,421 
Investments— 
Distributions(1,921)
Change in fair value(193)
Balance as of December 31, 20206,307 
Investments2,058 
Distributions(3,522)
Change in fair value(141)
Balance as of December 31, 2021$4,702 
Summarized Financial Information for Unconsolidated Joint Venture
The following tables summarize the combined financial information for our unconsolidated investments in real estate ventures accounted for at fair value or under the equity method (in thousands):

Year Ended December 31,
Combined Statements of Operations:20212020
Revenue$17,670 $24,009 
Operating income (loss)8,878 8,097 
Net income (loss)(316)(737)