Other Expenses (Tables)

6 Months Ended

Jun. 30, 2024

Other Income and Expenses [Abstract]

Schedule of General and Administrative Expenses

General and administrative expenses consisted of the following ($ in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Professional services	$	3,817	$	3,291	$	7,957	$	6,570
Operating and other costs	1,881		2,066		3,357		3,997
Subtotal(1)	5,698		5,357		11,314		10,567
Non-cash compensation expenses
Restricted class A common stock earned	7,761		7,492		15,672		14,984
Director stock-based compensation	201		173		402		336
Subtotal	7,962		7,665		16,074		15,320
Total general and administrative expenses	$	13,660	$	13,022	$	27,388	$	25,887

(1)During the three and six months ended June 30, 2024, we recognized an aggregate $320,000 and $543,000, respectively, of expenses related to our Multifamily Joint Venture. During the three and six months ended June 30, 2023, we recognized an aggregate $288,000 and $596,000, respectively, of expenses related to our Multifamily Joint Venture.