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Related Party Transactions (Tables) | 3 Months Ended
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Mar. 31, 2024
Related Party Transactions [Abstract] |
Schedule of Related Party Transactions | The table below shows the consolidated revenues earned for providing services under the Company’s asset management platform as described in the Revenue Recognition section of Note 2 – Summary of Significant Accounting Policies for the three months ended March 31, 2024 and 2023.
|  | Three Months Ended March 31,
|  | 2024 |  | 2023
Fund management fees |  | $ | 1,378 |  |  | $ | 1,289 |
Financing fees |  | 2 |  |  | 78 |
Development and construction fees |  | 1,531 |  |  | 528 |
Brokerage fees |  | 259 |  |  | 141 |
Total asset management |  | 3,170 |  |  | 2,036 |
Performance allocations |  | 166 |  |  | 2,426 |
Total related party revenue |  | $ | 3,336 |  |  | $ | 4,462 |
Schedule of Notes Receivable | The following table summarizes the notes receivable – related parties as of March 31, 2024 and December 31, 2023 (in thousands):
Notes Receivable - Related Parties |  | March 31, 2024 |  | December 31, 2023 |  | Interest Rate (1) |  | Maturity Date (1)
Caliber Hospitality LP (2) |  | $ | 6,749 |  |  | $ | — |  |  | 12.00% |  | September 2025
Olathe Behavioral Health |  | — |  |  | 25 |  |  | 12.00% |  | May 2025
DFW Behavioral Health LLC |  | — |  |  | 25 |  |  | 14.00% |  | May 2025
Total Notes Receivable - Related Parties |  | $ | 6,749 |  |  | $ | 50 |  |  |  |  |
__________________________________ (1) As of March 31, 2024. (2) During the three months ended March 31, 2024, the Company deconsolidated Caliber Hospitality, LP and the Caliber Hospitality Trust, which included activity from six hospitality funds. Notes Receivable The consolidated fund entered into unsecured promissory notes with related parties. The notes may be repaid in whole, or in part, without penalty. The notes receivable – related parties consisted of the following as of March 31, 2024 and December 31, 2023 (in thousands):
Notes Receivable - Related Parties |  | March 31, 2024 |  | December 31, 2023 |  | Interest Rate(1) |  | Maturity Date(1)
SF Alaska, LP |  | $ | 15,592 |  |  | $ | 14,976 |  |  | 12.00% |  | May 2025
The Ketch, LLC |  | 7,713 |  |  | 7,198 |  |  | 12.00% |  | May 2024
Circle Lofts, LLC |  | 1,851 |  |  | 1,797 |  |  | 12.00% |  | May 2024
J-25 Development Group, LLC |  | 32 |  |  | 4,804 |  |  | 12.00% |  | May 2024
Caliber Diversified Opportunity Fund II, LP |  | 12 |  |  | 109 |  |  | 12.00% |  | September 2025
Ridge II, LLC |  | 1,186 |  |  | 846 |  |  | 12.00% |  | December 2024
Ironwood, LLC |  | 3,564 |  |  | 2,703 |  |  | 13.00% |  | September 2025
47th Street Phoenix Fund, LLC |  | 87 |  |  | — |  |  | 12.00% |  | May 2025
Southridge, LLC |  | — |  |  | 2,187 |  |  | 13.00% |  | July 2025
Caliber Hospitality, LP (2) |  | 10,254 |  |  | — |  |  | 12.00% |  | June 2025
Blue Spruce, LLC |  | 56 |  |  | — |  |  | 13.00% |  | January 2026
Total Notes Receivable - Related Parties |  | $ | 40,347 |  |  | $ | 34,620 |  |  |  |  |
__________________________________ (1) As of March 31, 2024. (2) During the three months ended March 31, 2024, the Company deconsolidated Caliber Hospitality, LP and the Caliber Hospitality Trust, which included activity from six hospitality funds.

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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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