Investments in Real Estate Ventures (Tables)

12 Months Ended

Dec. 31, 2024

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 %	2024		2023		Accounting Method
Investors X	50.0%	$	395	$	976	Fair Value
The Hartford	2.5%	591		610		Fair Value
BLVD Forty Four	5.0%	1,661		1,837		Fair Value
BLVD Ansel	5.0%	1,952		2,090		Fair Value
Total investments recorded at fair value		4,599		5,513
Comstock 41	100.0%	1,629		1,564		Consolidated
Total investments in real estate ventures		$	6,228	$	7,077

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, 2022	$	7,013
Investments	89
Distributions	(379)
Change in fair value	(1,210)
Balance as of December 31, 2023	$	5,513
Investments	74
Distributions	(668)
Change in fair value	(320)
Balance as of December 31, 2024	$	4,599

Summarized Financial Information for Unconsolidated Joint Venture

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


	Year Ended December 31,
Combined Statements of Operations:		2024		2023
Revenue		$	28,115	$	24,877
Operating income (loss)		16,237		13,251
Net income (loss)		$	(5,882)	(10,506)