Other Expenses (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Professional services	$	3,038	$	2,695	$	9,579	$	8,086
Operating and other costs	1,357		2,018		5,383		4,329
Subtotal(1)	4,395		4,713		14,962		12,415
Non-cash compensation expenses
Restricted class A common stock earned	7,434		8,046		22,418		24,768
Director stock-based compensation	172		173		508		518
Subtotal	7,606		8,219		22,926		25,286
Total general and administrative expenses	$	12,001	$	12,932	$	37,888	$	37,701

(1)During the three and nine months ended September 30, 2023, we recognized an aggregate $230,000 and $826,000, respectively, of expenses related to our Multifamily Joint Venture. During the three and nine months ended September 30, 2022, we recognized an aggregate $239,000 and $783,000, respectively, of expenses related to our Multifamily Joint Venture.