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Real Estate Investments

3 Months Ended

Mar. 31, 2024

Real Estate [Abstract]

Real Estate Investments

Real Estate Investments

Real Estate Investments of the Company

Asset Acquisitions

There were no asset acquisitions by the Company during the three months ended March 31, 2024. During the three months ended March 31, 2023, the Company acquired its headquarters office building for an aggregate purchase price of $19.5 million with the acquisition being accounted for as an asset acquisition under U.S. GAAP.

The allocation of the purchase price among the assets acquired at their relative fair value as of the acquisition date, consisted of the following for the three months ended March 31, 2023 (in thousands):

									Three Months Ended March 31, 2023
Real estate investments, at cost
Land and land improvements									$	9,131
Building and building improvements									9,332
Furniture, fixtures and equipment									959
Intangible lease assets									398
Intangible lease liabilities									(348)
Total purchase price of assets acquired									$	19,472

Real Estate Investments of the Consolidated Funds

Asset Acquisitions by Consolidated Funds

There were no asset acquisitions by the consolidated funds during the three months ended March 31, 2024. During the three months ended March 31, 2023, the consolidated funds acquired one multi-family residential property for an aggregate purchase price of $6.6 million with the acquisition being accounted for as an asset acquisition under U.S. GAAP.

The allocation of the purchase price among the assets acquired at their relative fair value as of the acquisition date, consisted of the following for the three months ended March 31, 2023 (in thousands):

									Three Months Ended March 31, 2023
Real estate investments, at cost
Land and land improvements									$	599
Building and building improvements									6,044
Total purchase price of assets acquired									$	6,643

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- References

No definition available.

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- Definition

The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 976
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//976/tableOfContent

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 978
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//978/tableOfContent

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 970
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//970/tableOfContent

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 972
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//972/tableOfContent

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 974
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//974/tableOfContent

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