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SEGMENT DISCLOSURE (Tables) | 12 Months Ended
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Dec. 31, 2021
Segment Reporting [Abstract] |
Schedule of Segment Net Operating Income (Loss) | The net operating income (loss) of the Company’s segments for the years ended December 31, 2021 and 2020 is as follows:
| Year Ended December 31,
| 2021 |  | 2020 |  |
| (in thousands)
Office: |  |  |  |  |
Revenues | $ | 53,289 |  |  | $ | 55,468 |  |  |
Property expenses: |  |  |  |  |
Operating | 23,431 |  |  | 23,485 |  |  |
General and administrative | 347 |  |  | 490 |  |  |
Total property expenses | 23,778 |  |  | 23,975 |  |  |
Segment net operating income—office | 29,511 |  |  | 31,493 |  |  |
Hotel: |  |  |  |  |
Revenues | 17,849 |  |  | 13,314 |  |  |
Property expenses: |  |  |  |  |
Operating | 15,841 |  |  | 14,059 |  |  |
General and administrative | 128 |  |  | 64 |  |  |
Total property expenses | 15,969 |  |  | 14,123 |  |  |
Segment net operating income (loss)—hotel | 1,880 |  |  | (809) |  |  |
Lending: |  |  |  |  |
Revenues | 19,787 |  |  | 8,322 |  |  |
Lending expenses: |  |  |  |  |
Interest expense | 408 |  |  | 868 |  |  |
Expense reimbursements to related parties—lending segment | 1,921 |  |  | 3,491 |  |  |
General and administrative | 1,788 |  |  | 2,006 |  |  |
Total lending expenses | 4,117 |  |  | 6,365 |  |  |
Segment net operating income—lending | 15,670 |  |  | 1,957 |  |  |
Total segment net operating income | $ | 47,061 |  |  | $ | 32,641 |  |  |
Schedule of Reconciliation of Segment Net Operating Income to Net Income Attributable to the Company | A reconciliation of the Company’s segment net operating income to net income attributable to the Company for the years ended December 31, 2021 and 2020 is as follows:
| Year Ended December 31,
| 2021 |  | 2020 |  |
| (in thousands)
Total segment net operating income | $ | 47,061 |  |  | $ | 32,641 |  |  |
Interest and other income | 1 |  |  | 104 |  |  |
Asset management and other fees to related parties | (9,030) |  |  | (9,793) |  |  |
Expense reimbursements to related parties—corporate | (2,050) |  |  | (2,243) |  |  |
Interest expense | (9,005) |  |  | (10,547) |  |  |
General and administrative | (4,581) |  |  | (4,212) |  |  |
Transaction costs | (143) |  |  | — |  |  |
Depreciation and amortization | (20,112) |  |  | (21,406) |  |  |
Loss on early extinguishment of debt | — |  |  | (281) |  |  |
Impairment of real estate | — |  |  | — |  |  |
Gain on sale of real estate | — |  |  | — |  |  |
Income before provision for income taxes | 2,141 |  |  | (15,737) |  |  |
(Provision) benefit for income taxes | (2,992) |  |  | 722 |  |  |
Net (loss) income | (851) |  |  | (15,015) |  |  |
Net loss (income) attributable to noncontrolling interests | 1 |  |  | (1) |  |  |
Net (loss) income attributable to the Company | $ | (850) |  |  | $ | (15,016) |  |  |
Schedule of Segment Condensed Assets | The condensed assets for each of the segments as of December 31, 2021 and 2020, along with capital expenditures and loan originations for the years ended December 31, 2021 and 2020 are as follows:
| December 31,
| 2021 |  | 2020
| (in thousands)
Condensed assets: |  |  |
Office | $ | 449,843 |  |  | $ | 472,544 |
Hotel | 101,308 |  |  | 100,285 |
Lending | 96,729 |  |  | 94,626 |
Non-segment assets | 12,986 |  |  | 18,162 |
Total assets | $ | 660,866 |  |  | $ | 685,617 |
Schedule of Segment Capital Expenditures and Loan Originations |
| Year Ended December 31,
| 2021 |  | 2020 |  |
| (in thousands)
Capital expenditures (1) and loan originations: |  |  |  |  |
Office | $ | 5,714 |  |  | $ | 8,514 |  |  |
Hotel | 193 |  |  | 821 |  |  |
Total capital expenditures | 5,907 |  |  | 9,335 |  |  |
Loan originations | 133,290 |  |  | 53,524 |  |  |
Total capital expenditures and loan originations | $ | 139,197 |  |  | $ | 62,859 |  |  |
(1)Represents additions and improvements to real estate investments, excluding acquisitions. Includes the activity for dispositions through their respective disposition dates.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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