Operating Segments (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Schedule of Profit by Reportable segment

The following table presents our profit by reportable segment:

	For the Year Ended December 31,
	2021		2020		2019
Residential Segment
Revenue	$	14,495	$	14,686	$	13,517
Operating expenses	(8,167)		(8,482)		(8,824)
Profit from segment	6,328		6,204		4,693
Commercial Segment
Revenue	23,313		37,223		32,714
Operating expenses	(12,693)		(15,878)		(16,389)
Profit from segment	10,620		21,345		16,325
Total profit from all segments	$	16,948	$	27,549	$	21,018

Reconciliation of Revenue from Segments to Consolidated

The following table reconciles our profit by reportable segment to net income (loss):

	For the Year Ended December 31,
	2021		2020		2019
Profit from reportable segments	$	16,948	$	27,549	$	21,018
Other non-segment items of income (expense)
Depreciation and amortization	(11,870)		(14,755)		(13,379)
General and administrative	(12,425)		(9,287)		(8,704)
Advisory fee to related party	(11,782)		(8,648)		(8,410)
Other income	2,966		5,113		1,823
Interest income	19,572		18,660		19,607
Interest expense	(24,600)		(29,374)		(31,816)
Loss on foreign currency transactions	(6,175)		(13,378)		(15,108)
Loss on extinguishment of debt	(1,451)		—		(5,219)
Equity in income (loss) from unconsolidated joint ventures	14,531		(519)		(2,758)
Gain on sale or write-down of assets, net	23,352		32,107		14,809
Income tax provision	1,011		(4)		2,000
Net income (loss)	$	10,077	$	7,464	$	(26,137)

Reconciliation of Assets from Segment to Consolidated

The table below reconciles our segment information to the corresponding amounts in our consolidated balance sheets:

	December 31,
	2021		2020
Segment assets	$	263,937	$	342,965
Real estate	63,945		65,149
Investment in unconsolidated joint ventures	52,879		51,786
Notes receivable	129,726		123,556
Receivable from related parties	136,715		159,777
Cash and other non-segment assets	141,207		135,849
Total assets	$	788,409	$	879,082