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Investment Securities (Tables)
 12 Months Ended
Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]  
Schedule of Investment Securities
Investment securities consisted of the following:
December 31, 2023December 31, 2022
Debt securities available for sale$73,225 $81,643 
Equity securities at fair value:
     Marketable equity securities14,286 12,724 
     Mutual funds invested in debt securities23,424 22,069 
     Long-term investment securities at fair value (1)
29,402 28,919 
     Total equity securities at fair value67,112 63,712 
Total investment securities at fair value140,337 145,355 
Less:
     Long-term investment securities at fair value (1)
29,402 28,919 
Current investment securities at fair value$110,935 $116,436 
Long-term investment securities at fair value (1)
$29,402 $28,919 
Equity-method investments17,358 16,040 
     Total long-term investments$46,760 $44,959 
Equity securities and other long-term investments at cost (2)
$7,555 $2,755 
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(1)     These assets are measured at net asset value (“NAV”) as a practical expedient under ASC 820.
(2)     These assets are without readily determinable fair values that do not qualify for the NAV practical expedient and are included in Other assets on the consolidated balance sheets.
The components of debt securities available for sale as of December 31, 2023 were as follows:
CostGross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value
Marketable debt securities$72,939 $286 $— $73,225 
The components of debt securities available for sale as of December 31, 2022 were as follows:
CostGross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value
Marketable debt securities$81,629 $14 $— $81,643 
The following is a summary of unrealized and realized net gains and losses recognized in net income on equity securities at fair value for the years ended December 31, 2023, 2022 and 2021, respectively:
Year Ended December 31,
202320222021
Net gains (losses) recognized on equity securities $3,045 $(5,011)$9,615 
Less: Net (losses) gains recognized on equity securities sold(1,289)1,198 7,534 
Net unrealized gains (losses) recognized on equity securities still held at the reporting date$4,334 $(6,209)$2,081 
Schedule of Net Gains Recognized
Net gains (losses) recognized on investment securities were as follows:
Year Ended December 31,
202320222021
Net gains (losses) recognized on equity securities$3,045 $(5,011)$9,615 
Net (losses) gains recognized on debt and equity securities available for sale(159)6 45 
Impairment expense(292)(2,975)(276)
Net gains (losses) recognized on investment securities$2,594 $(7,980)$9,384 
Gross realized gains and losses recognized on debt securities available for sale were as follows:
Year Ended December 31,
202320222021
Gross realized gains on sales$26 $8 $108 
Gross realized losses on sales(185)(2)(63)
Net (losses) gains recognized on debt securities available for sale$(159)$6 $45 
Impairment expense$(292)$(2,975)$(276)
Schedule of Maturity Dates of Fixed Income Securities
The table below summarizes the maturity dates of debt securities available for sale as of December 31, 2023.
Investment Type:
Fair ValueUnder 1 Year1 Year up to 5 YearsMore than 5 Years
U.S. Government securities$38,657 $9,647 $29,010 $— 
Corporate securities12,042 12,042 — — 
U.S. mortgage-backed securities17,358 15,724 1,634 — 
Commercial paper5,168 5,168 — — 
Total debt securities available for sale by maturity dates
$73,225 $42,581 $30,644 $— 
Schedule of Equity Method Investments
Equity-method investments consisted of the following:
 December 31, 2023December 31, 2022
Mutual and hedge funds$17,358 $16,040 
Equity in earnings (losses) from investments were:
Year Ended December 31,
 202320222021
Mutual fund and hedge funds$1,262 $(4,995)$2,675 
Pursuant to Rule 4-08(g), the following summarized financial data for unconsolidated subsidiaries includes information for the mutual fund and hedge funds.
Year Ended December 31,
202320222021
Investment income$4,713 $3,209 $1,574 
Expenses10,585 13,272 12,873 
    Net investment loss(5,872)(10,063)(11,299)
Total net realized gain (loss) and net change in unrealized depreciation from investments4,824 (84,466)48,342 
Net (decrease) increase in partners’ capital resulting from operations$(1,048)$(94,529)$37,043 

December 31,
2023		December 31,
2022
Investment securities$290,916 $299,389 
Cash and cash equivalents695 2,860 
Other assets38,471 87,507 
    Total assets$330,082 $389,756 
Other liabilities$159,858 $159,246 
    Total liabilities159,858 159,246 
Partners’ capital170,224 230,510 
      Total liabilities and partners’ capital$330,082 $389,756 
Pursuant to Rule 4-08(g), the following summarized financial data for unconsolidated subsidiaries includes information for the following: Other Condominium and Mixed-Use Development, Apartment Buildings, Hotels, Commercial and Other.
Year Ended December 31,
Income Statements202320222021
Other Condominium and Mixed-Use Development:
Revenue$94,606 $117,836 $301,703 
Cost of sales451 63,618 317,894 
Other expenses129,509 143,619 117,985 
Loss from continuing operations$(35,354)$(89,401)$(134,176)
Apartment Buildings:
Revenue$22,403 $2,934 $35,213 
Other expenses60,479 4,563 46,360 
Loss from continuing operations$(38,076)$(1,629)$(11,147)
Hotels:
Revenue$175,921 $166,169 $42,549 
Cost of sales5,121 5,049 3,671 
Other expenses403,510 293,761 201,211 
Loss from continuing operations$(232,710)$(132,641)$(162,333)
Commercial:
Revenue$7,052 $10,226 $1,662 
Equity in earnings1,241 37,690 24,383 
Other expenses6,028 12,274 1,412 
Income from continuing operations$2,265 $35,642 $24,633 
Other:
Revenue$— $6,761 $180,092 
Other expenses— 21,548 303,352 
Loss from continuing operations$— $(14,787)$(123,260)
Balance SheetsDecember 31, 2023December 31, 2022
Other Condominium and Mixed-Use Development:
Investment in real estate$1,890,797 $1,529,516 
Total assets2,049,105 1,667,802 
Total debt1,535,543 1,193,638 
Total liabilities1,898,725 1,480,725 
Non-controlling interest91,146 73,391 
Apartment Buildings:
Investment in real estate$478,669 $64,350 
Total assets542,165 68,664 
Total debt378,978 48,449 
Total liabilities396,668 49,722 
Non-controlling interest93,871 — 
Hotels:
Investment in real estate$759,515 $1,580,798 
Total assets792,831 1,651,072 
Total debt248,419 1,113,419 
Total liabilities664,582 1,281,161 
Non-controlling interest141,060 374,608 
Commercial:
Investment in real estate$55,094 $51,468 
Total assets73,658 71,364 
Total debt59,994 56,394 
Total liabilities60,980 57,424 
Non-controlling interest— — 
Other:
Investment in real estate$— $430,961 
Total assets— 486,655 
Total debt— 321,587 
Total liabilities— 331,928 
Non-controlling interest— 112,141