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Other Expenses (Tables)
6 Months Ended
Jun. 30, 2021
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,
 
    
2021
    
2020
    
2021
    
2020
 
Professional services
(1)
   $ 2,043      $ 1,752      $ 3,861      $ 3,414  
Operating and other costs
(1)
     606        882        1,301        2,335  
    
 
 
    
 
 
    
 
 
    
 
 
 
Subtotal
     2,649        2,634        5,162        5,749  
Non-cash
compensation expenses
                                   
Restricted class A common stock earned
     7,895        8,527        15,855        17,079  
Director stock-based compensation
     125        125        250        250  
    
 
 
    
 
 
    
 
 
    
 
 
 
Subtotal
     8,020        8,652        16,105        17,329  
    
 
 
    
 
 
    
 
 
    
 
 
 
Total general and administrative expenses
   $ 10,669      $ 11,286      $ 21,267      $ 23,078  
    
 
 
    
 
 
    
 
 
    
 
 
 
                        
                                   
(1)  
 
During the three and six months ended June 30, 2021, we recognized an aggregate $197,000 and $433,000, respectively, of expenses related to our Multifamily Joint Venture. During the three and six months ended June 30, 2020, we recognized an aggregate $200,000 and $576,000, respectively, of expenses related to our Multifamily Joint Venture.