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Revenue (Tables)
 12 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
Summary of Revenues from Contracts with Customers Disaggregated by Categories
The following tables summarize the Company’s revenue by line of business, customer type, and contract fee type (in thousands):
Year Ended December 31,
20242023
Revenue by Line of Business
Asset management$31,497 $29,278 
Property management11,61210,604
Parking management8,1854,839
Total revenue$51,294 $44,721 
Year Ended December 31,
20242023
Revenue by Customer Type
Related party$48,278 $43,568 
Commercial3,0161,153
Total revenue$51,294 $44,721 
Year Ended December 31,
20242023
Revenue by Timing
Recurring/over time$43,666 $37,151 
Point-in-time7,6287,570
Total revenue$51,294 $44,721 
Year Ended December 31,
20242023
Revenue by Contract Fee Type1
Cost Recovery2
$33,687 $32,261 
Variable3
14,00110,019
Fixed4
3,6062,441
Total revenue$51,294 $44,721 
1
Certain contracts contain multiple revenue streams that lend to classification in more than one category.
2
Includes cost plus revenues tied to asset management services under the 2022 AMA and reimbursable expenses.
3
Includes fixed rate contract amounts applied to various variable metrics to determine the amount of revenue earned.
4
Includes fixed fee arrangements where the dollar value of the revenue earned remains consistent over time.