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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2021
Commitments And Contingencies Disclosure [Abstract]  
Summary of Joint Venture and Real Estate Technology Fund Commitments

The following table summarizes the Company’s approximate real estate commitments at December 31, 2021 (amounts in thousands for remaining commitments):

 

 

 

 

 

 

 

 

 

 

 

Remaining

 

 

 

Projects/Investments

 

 

Apartment Units

 

 

Commitments

 

Projects Under Development

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

1

 

 

 

312

 

 

$

83,720

 

Unconsolidated

 

 

3

 

 

 

929

 

 

 

264,290

 

Total Projects Under Development (1)

 

 

4

 

 

 

1,241

 

 

$

348,010

 

Real Estate Technology Investments

 

 

9

 

 

 

 

 

$

30,947

 

 

 

(1)

Remaining commitments for total projects under development represent the gross amounts, with funds to be provided by the Company, its joint venture partners and/or applicable construction loans.

Schedule of Contractual Obligations

The following table summarizes the Company’s contractual obligations for deferred compensation for the next five years and thereafter as of December 31, 2021:

 

(Payments) Due by Year (in thousands)

 

 

 

2022

 

 

2023

 

 

2024

 

 

2025

 

 

2026

 

 

Thereafter

 

 

Total

 

Other Long-Term Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred Compensation (1)

 

$

(773

)

 

$

(1,013

)

 

$

(732

)

 

$

(732

)

 

$

(732

)

 

$

(4,023

)

 

$

(8,005

)

 

(1)

Estimated payments to the Company’s Chairman and one former executive officer based on actual and estimated retirement dates.