Elysian at Hughes Center Immaterial Error Correction (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2022

Accounting Changes and Error Corrections [Abstract]

Schedule of Error Corrections and Prior Period Adjustments

Consolidated Balance Sheet

ASSETS	First Quarter		Second Quarter		Third Quarter
Cash and cash equivalents	$	41,712	$	59,449	$	26,458
Restricted cash	499		1,602		4,723
Real estate investments, net	243,656		242,738		242,250
Loans, held-for-investment, net	264,783		211,730		237,038
Accrued interest and dividends	9,908		10,000		12,301
Accounts receivable and other assets	2,259		2,003		1,714
TOTAL ASSETS	$	8,163,933	$	8,003,627	$	8,414,853
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
Bridge Loan	55,000		20,457		—
Mortgages payable, net	121,080		121,092		121,104
Accounts payable and other accrued liabilities	6,945		8,800		6,899
Accrued interest payable	—		4,756		9,336
Total Liabilities	$	7,657,150	$	7,456,805	$	7,871,597
Total Redeemable NCI	148,674		147,871		142,276
NCI in subsidiary	701		33,942		52,038
Total Stockholders' Equity less NCI in subsidiary	357,408		365,009		348,942
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	8,163,933	$	8,003,627	$	8,414,853

Consolidated Statement of Operations

	First Quarter		Second Quarter		Third Quarter
Net interest income
Interest income	$	31,133	$	16,394	$	14,893
Total net interest income	$	22,315	$	7,287	$	4,211
Other income (loss)
Revenues from consolidated real estate owned	2,387		3,266		3,455
Total other income (loss)	$	1,814	$	7,464	$	(7,521)
Operating expenses
Expenses from consolidated real estate owned	2,428		3,549		2,442
Total operating expenses	$	6,060	$	7,277	$	6,053
Net income (loss)	18,069		7,474		(9,363)
Net (income) attributable to preferred shareholders	(874)		(882)		(874)
Net (income) loss attributable to redeemable noncontrolling interests	(4,783)		(2,186)		1,889
Net (income) loss attributable to noncontrolling interests in subsidiaries	(6)		(556)		(941)
Net income (loss) attributable to common stockholders	$	12,406	$	3,850	$	(9,289)