Other Expenses (Tables)

6 Months Ended

Jun. 30, 2023

Other Income and Expenses [Abstract]

Schedule of General and Administrative Expenses

General and administrative expenses consisted of the following ($ in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Professional services	$	3,291	$	2,693	$	6,570	$	5,390
Operating and other costs	2,066		1,298		3,997		2,311
Subtotal(1)	5,357		3,991		10,567		7,701
Non-cash compensation expenses
Restricted class A common stock earned	7,492		8,245		14,984		16,723
Director stock-based compensation	173		173		336		345
Subtotal	7,665		8,418		15,320		17,068
Total general and administrative expenses	$	13,022	$	12,409	$	25,887	$	24,769

(1)During the three and six months ended June 30, 2023, we recognized an aggregate $288,000 and $596,000, respectively, of expenses related to our Multifamily Joint Venture. During the three and six months ended June 30, 2022, we recognized an aggregate $227,000 and $544,000, respectively, of expenses related to our Multifamily Joint Venture.