Operating Segments (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Schedule of Profit by Reportable Segment

The following table presents our reportable segments for the three months ended March 31, 2023 and 2022:

	Three Months Ended March 31,
	2023		2022
Multifamily Segment
Revenues	$	7,373	$	3,229
Operating expenses	(3,708)		(1,721)
Profit from segment	3,665		1,508
Commercial Segment
Revenues	3,636		4,252
Operating expenses	(2,398)		(2,307)
Profit from segment	1,238		1,945
Total profit from segments	$	4,903	$	3,453

Schedule of Reconciliation of Revenue from Segments to Consolidated

The table below reflects the reconciliation of total profit from segments to net income for the three months ended March 31, 2023 and 2022:

	Three Months Ended March 31,
	2023		2022
Total profit from segments	$	4,903	$	3,453
Other non-segment items of income (expense)
Depreciation and amortization	(3,102)		(2,349)
General and administrative	(2,883)		(2,531)
Advisory fee to related party	(2,170)		(3,005)
Other income	679		306
Interest income	9,772		5,814
Interest expense	(4,031)		(5,027)
Gain on foreign currency transactions	971		3,772
Loss on early extinguishment of debt	—		(1,639)
Income from unconsolidated joint venture	688		4,706
Gain on sales or write-down of assets	—		11,148
Income tax provision	(1,112)		(28)
Net income	$	3,715	$	14,620