Investments in Real Estate Ventures (Tables)

12 Months Ended

Dec. 31, 2023

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Equity Method Investments, Group of Investment Consolidated Balance Sheet at Fair Value

The following table summarizes the Company's investments in real estate ventures that are recorded on the consolidated balance sheets (in thousands):


		December 31,

Investment	Ownership %	2023		2022		Accounting Method
Investors X	50.0%	$	976	$	1,369	Fair Value
The Hartford	2.5%	610		953		Fair Value
BLVD Forty Four	5.0%	1,837		2,135		Fair Value
BLVD Ansel	5.0%	2,090		2,556		Fair Value
Total investments recorded at fair value		5,513		7,013
Comstock 41	100.0%	1,564		—		Consolidated
Total investments in real estate ventures		$	7,077	$	7,013

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, 2021	$	4,702
Investments	2,709
Distributions	(382)
Change in fair value	(16)
Balance as of December 31, 2022	$	7,013
Investments	89
Distributions	(379)
Change in fair value	(1,210)
Balance as of December 31, 2023	$	5,513

Summarized Financial Information for Unconsolidated Joint Venture

The following tables summarize the combined summarized statements of operations information for our unconsolidated investments in real estate ventures (in thousands):


	Year Ended December 31,
Combined Statements of Operations:		2023		2022
Revenue		$	24,877	$	20,825
Operating income (loss)		13,251		11,550
Net income (loss)		$	(10,506)	(7,360)