XML 47 R32.htm IDEA: XBRL DOCUMENT v3.22.2.2
REVENUE (Tables)
9 Months Ended
Sep. 30, 2022
Revenue from Contract with Customer [Abstract]  
Summary of Disaggregation of Revenue The following tables present revenues disaggregated by significant product offerings, which align with the Company’s performance obligations and the basis for calculating each amount for the three and nine months ended September 30, 2022 and 2021 (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
FUND MANAGEMENT FEES2022202120222021
Funds$62,642 $38,827 $161,468 $101,808 
Joint ventures and separately managed accounts1,454 1,749 4,708 4,155 
Total fund management fees$64,096 $40,576 $166,176 $105,963 
Three Months Ended September 30,Nine Months Ended September 30,
PROPERTY MANAGEMENT AND LEASING FEES2022202120222021
Seniors Housing$6,869 $6,433 $21,035 $19,589 
Multifamily6,564 4,536 17,841 12,951 
Office2,979 11,541 11,326 21,052 
Single-Family Rental2,376 — 6,481 — 
Total property management and leasing fees$18,788 $22,510 $56,683 $53,592 
Three Months Ended September 30,Nine Months Ended September 30,
CONSTRUCTION MANAGEMENT FEES2022202120222021
Multifamily$2,692 $1,295 $5,975 $3,353 
Office555 730 1,457 2,308 
Seniors Housing100 72 228 327 
Single-Family Rental67 — 67 — 
Total construction management fees$3,414 $2,097 $7,727 $5,988 
Three Months Ended September 30,Nine Months Ended September 30,
TRANSACTION FEES2022202120222021
Acquisition fees$7,869 $19,838 $39,540 $37,627 
Brokerage fees3,663 2,069 11,632 5,848 
Total transaction fees$11,532 $21,907 $51,172 $43,475