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INVESTMENT IN UNCONSOLIDATED ENTITIES (Tables)

9 Months Ended

Sep. 30, 2025

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Equity Investments in Unconsolidated Entities

The following table details the Company’s equity method investments in its Unconsolidated Joint Ventures. See Note 2 - Basis of Presentation and Summary of Significant Accounting Policies (dollars in thousands):

																								Ownership Interest						Carrying Value
Joint Venture						Asset Type						Location						Acquisition Date						September 30, 2025						September 30, 2025						December 31, 2024
1910 Sunset Boulevard (1)						Office / Multifamily (Development)						Los Angeles, CA						February 11, 2022						44.2%						$	13,244					$	12,898
4750 Wilshire Boulevard (2)						Office / Multifamily						Los Angeles, CA						February 17, 2023						20.0%						6,631						8,622
1902 Park Avenue (3)						Multifamily						Los Angeles, CA						February 28, 2023						25.5%						5,819						5,730
1015 N Mansfield Avenue (4)						Office (Development)						Los Angeles, CA						October 10, 2023						28.8%						6,907						6,427
Total investments in unconsolidated entities																														$	32,601					$	33,677

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(1)1910 Sunset Boulevard is an office building with 105,064 square feet of office space and 2,760 square feet of retail space. The 1910 Sunset JV (defined below) is nearing completion on its 1915 Park Project (defined below) to build 36 multifamily units on the 1915 Park Avenue land parcel adjacent to the office building.

(2)4750 Wilshire Boulevard is a three-story office building with 30,335 square feet of office space located on the first floor. The remainder of the building was substantially converted into 68 for-lease multifamily units in September 2024.

(3)1902 Park Avenue is a 75-unit four-story multifamily building.

(4)1015 N Mansfield Avenue is an office building with a 44,141 square foot site area and a parking garage. The site is being evaluated for different development options, including creative office or other commercial space. As of September 30, 2025, this property was in pre-development phase and the Company has not finalized the formal development plan for the property.

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- Definition

Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information.

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Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

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