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SEGMENT DISCLOSURE (Tables) | 6 Months Ended
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Jun. 30, 2022
Segment Reporting [Abstract] |
Schedule of Segment Net Operating Income (Loss) | The net operating income (loss) of the Company’s segments for the three and six months ended June 30, 2022 and 2021 is as follows (in thousands):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Office: |  |  |  |  |  |  |  |
Revenues |  | $ | 14,077 |  |  | $ | 13,356 |  |  | $ | 28,182 |  |  | $ | 26,883 |
Property expenses: |  |  |  |  |  |  |  |
Operating |  | 6,402 |  |  | 5,687 |  |  | 12,523 |  |  | 11,342 |
General and administrative |  | 35 |  |  | 83 |  |  | 125 |  |  | 168 |
Total property expenses |  | 6,437 |  |  | 5,770 |  |  | 12,648 |  |  | 11,510 |
Income from unconsolidated entity |  | 260 |  |  | — |  |  | 380 |  |  |
Segment net operating income—office |  | 7,900 |  |  | 7,586 |  |  | 15,914 |  |  | 15,373 |
Hotel: |  |  |  |  |  |  |  |
Revenues |  | 9,576 |  |  | 3,477 |  |  | 17,369 |  |  | 5,355 |
Property expenses: |  |  |  |  |  |  |  |
Operating |  | 6,305 |  |  | 3,428 |  |  | 11,676 |  |  | 6,063 |
General and administrative |  | 24 |  |  | 51 |  |  | 52 |  |  | 101 |
Total property expenses |  | 6,329 |  |  | 3,479 |  |  | 11,728 |  |  | 6,164 |
Segment net operating income (loss)—hotel |  | 3,247 |  |  | (2) |  |  | 5,641 |  |  | (809) |
Lending: |  |  |  |  |  |  |  |
Revenues |  | 2,750 |  |  | 5,839 |  |  | 5,634 |  |  | 9,313 |
Lending expenses: |  |  |  |  |  |  |  |
Interest expense |  | 119 |  |  | 182 |  |  | 226 |  |  | 373 |
Expense reimbursements to related parties—lending segment |  | 604 |  |  | 433 |  |  | 1,073 |  |  | 1,164 |
General and administrative |  | 338 |  |  | 177 |  |  | 898 |  |  | 623 |
Total lending expenses |  | 1,061 |  |  | 792 |  |  | 2,197 |  |  | 2,160 |
Segment net operating income—lending |  | 1,689 |  |  | 5,047 |  |  | 3,437 |  |  | 7,153 |
Total segment net operating income |  | $ | 12,836 |  |  | $ | 12,631 |  |  | $ | 24,992 |  |  | $ | 21,717 |
Schedule of Reconciliation of Segment Net Operating Income to Net Income Attributable to the Company | A reconciliation of segment net operating income to net income attributable to the Company for the three and six months ended June 30, 2022 and 2021 is as follows (in thousands):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Total segment net operating income |  | $ | 12,836 |  |  | $ | 12,631 |  |  | $ | 24,992 |  |  | $ | 21,717 |
Interest and other income |  | — |  |  | 1 |  |  | — |  |  | 1 |
Asset management and other fees to related parties |  | (920) |  |  | (2,260) |  |  | (1,841) |  |  | (4,519) |
Expense reimbursements to related parties—corporate |  | (526) |  |  | (454) |  |  | (948) |  |  | (1,059) |
Interest expense |  | (2,284) |  |  | (2,491) |  |  | (4,347) |  |  | (4,932) |
General and administrative |  | (880) |  |  | (835) |  |  | (2,017) |  |  | (2,876) |
Depreciation and amortization |  | (4,974) |  |  | (5,069) |  |  | (9,978) |  |  | (10,106) |
Income (loss) before provision for income taxes |  | 3,252 |  |  | 1,523 |  |  | 5,861 |  |  | (1,774) |
Provision for income taxes |  | (321) |  |  | (996) |  |  | (628) |  |  | (1,370) |
Net income (loss) |  | 2,931 |  |  | 527 |  |  | 5,233 |  |  | (3,144) |
Net (income) loss attributable to noncontrolling interests |  | (9) |  |  | 3 |  |  | (14) |  |  | 4 |
Net income (loss) attributable to the Company |  | $ | 2,922 |  |  | $ | 530 |  |  | $ | 5,219 |  |  | $ | (3,140) |
Schedule of Segment Condensed Assets | The condensed assets for each of the segments as of June 30, 2022 and December 31, 2021, along with capital expenditures and loan originations for the six months ended June 30, 2022 and 2021, are as follows (in thousands):
|  | June 30, 2022 |  | December 31, 2021
Condensed assets: |  |  |  |
Office |  | $ | 470,779 |  |  | $ | 449,843 |
Hotel |  | 99,211 |  |  | 101,308 |
Lending |  | 83,033 |  |  | 96,729 |
Non-segment assets(1) |  | 24,722 |  |  | 12,986 |
Total assets |  | $ | 677,745 |  |  | $ | 660,866 |
Schedule of Segment Capital Expenditures and Loan Originations |
|  | Six Months Ended June 30,
|  | 2022 |  | 2021
Capital expenditures(2) and loan originations: |  |  |  |
Office |  | $ | 4,304 |  |  | $ | 818 |
Hotel |  | 963 |  |  | 128 |
Total capital expenditures |  | 5,267 |  |  | 946 |
Loan originations |  | 30,682 |  |  | 65,210 |
Total capital expenditures and loan originations |  | $ | 35,949 |  |  | $ | 66,156 |
______________________ (1)Includes investments in real estate of $8.3 million representing two development sites which the Company intends to develop into multifamily assets. (2)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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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