Year Ended December 31,

2021

2020

2019

Investment income, net

Interest, dividend and accretion income

$

157

$

1,194

$

7,459

Net realized gain (loss) on the sale of investments

17

(48)

87

Unrealized loss on investments, net

(1,872)

(4,688)

(5,342)

Interest income from investments in SPEs

8,078

8,180

8,190

Interest earned on notes receivable and other interest

874

345

320

Total investment income, net

7,254

4,983

10,714

Interest expense

Interest expense and amortization of discount and issuance costs for Senior Notes issued by SPE

(8,827)

(8,813)

(8,801)

Other interest expense

(7,027)

(4,751)

(3,501)

Total interest expense

(15,854)

(13,564)

(12,302)

Gain on contribution to unconsolidated joint ventures

3,558

19,983

2,317

Other income (expense), net

Accretion income from retained interest investments

1,532

1,391

1,325

Gain on insurance recovery

4,853

690

5,314

Loss from hurricane damage

(56)

(1,123)

(2,704)

Miscellaneous income, net

3,852

371

198

Other income, net

10,181

1,329

4,133

Total other income, net

$

5,139

$

12,731

$

4,862