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Revenue
12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
All the Company's revenue was for the years ended December 31, 2022 and 2021 was generated in the United States. The following tables summarize the Company’s revenue by line of business, customer type, and contract type (in thousands):
Year Ended December 31,
20222021
Revenue by Line of Business
Asset management$26,680 $22,539 
Property management9,3986,939
Parking management3,2351,615
Total revenue$39,313 $31,093 
Year Ended December 31,
20222021
Revenue by Customer Type
Related party$38,719 $30,887 
Commercial594 206 
Total revenue$39,313 $31,093 
Year Ended December 31,
20222021
Revenue by Contract Type1
Fixed-price$7,048 $7,626 
Cost-plus22,652 16,729 
Variable9,613 6,738 
Total revenue$39,313 $31,093 
1 Certain contracts contain multiple revenue streams with characteristics that lend to classification in more than one category
For the year ended December 31, 2022, the Company recognized revenue from Incentive Fees of $3.9 million, stemming from an operating asset triggering event on October 1, 2022. This operating asset triggering event was the first in series of annual operating asset triggering events that are scheduled each October 1 through 2024. All Incentive Fees recognized in the current period are related to services performed in prior periods for which revenue recognition criteria were previously constrained. There was no Incentive Fee revenue recognized for the year ended December 31, 2021.