Other Income (Tables)

9 Months Ended

Sep. 30, 2024

Other Income and Expenses [Abstract]

Schedule of Other Income

The following table details the components of the Company's other income for the three and nine months ended September 30, 2024 and 2023, respectively (dollar amounts in thousands):

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2024		2023		2024		2023
Gain on sale of real estate (1)	$	17,903	$	—	$	18,164	$	1,879
Gain on de-consolidation of joint venture equity investment in Consolidated VIEs	3,393		—		3,703		—
Preferred equity and mezzanine loan premiums resulting from early redemption	28		128		127		315
Loss on extinguishment of collateralized debt obligations and mortgages payable on real estate	(1,699)		—		(2,391)		(693)
Provision for uncollectible accounts receivable (2)	—		—		(3,207)		—
Miscellaneous income	90		11		145		211
Total other income	$	19,715	$	139	$	16,541	$	1,712

(1)See Notes 8 and 9 for description of nature of transactions out of which items arose.

(2)During the nine months ended September 30, 2024, the Company recorded a provision for uncollectible accounts receivable for asset management expenses incurred related to a non-accrual multi-family loan that are in excess of anticipated redemption proceeds (see Note 5).