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Revenue (Tables)
 9 Months Ended
Sep. 30, 2025
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):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Revenue by Line of Business
Asset management$6,560 $7,380 $20,556 $19,626 
Property management (1)
2,887 3,253 8,748 8,701 
ParkX management3,870 2,362 9,624 6,059 
Total revenue$13,317 $12,995 $38,928 $34,386 
(1)
CHCI Commercial and CHCI Residential
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Revenue by Customer Type
Related party$11,543 $12,042 $34,255 $32,196 
Third party1,774 953 4,673 2,190 
Total revenue$13,317 $12,995 $38,928 $34,386 
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Revenue by Timing
Recurring/over time$12,257 $11,466 $35,173 $31,766 
Point-in-time1,060 1,529 3,755 2,620 
Total revenue$13,317 $12,995 $38,928 $34,386 
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Revenue by Contract Fee Type (1)
Cost recovery(2)
$8,905 $8,349 $25,898 $24,449 
Variable(3)
266 3,138 5,906 6,709 
Fixed fee(4)
4,146 1,508 7,124 3,228 
Total revenue$13,317 $12,995 $38,928 $34,386 
(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.