XML 107 R96.htm IDEA: XBRL DOCUMENT v3.25.3
SEGMENT DISCLOSURE - Segment Net Operating Income (Loss) (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Segment Reporting Information [Line Items]        
Revenues $ 26,234 $ 28,616 $ 88,218 $ 97,053
EXPENSES:        
Interest expense 10,312 9,616 30,246 27,819
General and administrative 2,148 2,221 6,130 5,243
Total Expenses 38,728 37,938 114,268 111,371
Income (Loss) from unconsolidated entities (697) (1,239) (2,285) (442)
Hotel        
Segment Reporting Information [Line Items]        
Revenues 7,590 7,142 31,906 31,151
Operating Segments        
EXPENSES:        
Expense reimbursements to related parties—lending segment 679 672 2,016 1,908
Total segment net operating income 6,971 7,588 28,545 37,444
Operating Segments | Office        
Segment Reporting Information [Line Items]        
Revenues 12,464 13,819 37,395 42,531
EXPENSES:        
Operating 6,832 7,444 18,912 20,634
General and administrative 89 122 466 192
Total Expenses 6,921 7,566 19,378 20,826
Income (Loss) from unconsolidated entities (528) (834) (382) 487
Total segment net operating income 5,015 5,419 17,635 22,192
Operating Segments | Hotel        
Segment Reporting Information [Line Items]        
Revenues 7,590 7,142 31,906 31,151
EXPENSES:        
Operating 6,530 6,147 21,986 21,763
General and administrative 210 22 228 33
Total Expenses 6,740 6,169 22,214 21,796
Total segment net operating income 850 973 9,692 9,355
Operating Segments | Multifamily        
Segment Reporting Information [Line Items]        
Revenues 3,875 4,773 11,910 14,971
EXPENSES:        
Operating 2,779 3,782 9,342 10,153
General and administrative 135 78 304 212
Total Expenses 2,914 3,860 9,646 10,365
Income (Loss) from unconsolidated entities (169) (405) (1,903) (929)
Total segment net operating income 792 508 361 3,677
Operating Segments | Lending        
Segment Reporting Information [Line Items]        
Revenues 2,218 2,724 6,686 7,928
EXPENSES:        
Interest expense 700 786 1,823 2,586
Expense reimbursements to related parties—lending segment 679 672 2,016 1,908
General and administrative 525 578 1,990 1,214
Total Expenses 1,904 2,036 5,829 5,708
Total segment net operating income $ 314 $ 688 $ 857 $ 2,220