Other Expenses (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Professional services	$	3,753	$	3,038	$	11,709	$	9,579
Operating and other costs	1,686		1,357		5,044		5,383
Subtotal(1)	5,439		4,395		16,753		14,962
Non-cash compensation expenses
Restricted class A common stock earned	7,728		7,434		23,400		22,418
Director stock-based compensation	256		172		658		508
Subtotal	7,984		7,606		24,058		22,926
Total general and administrative expenses	$	13,423	$	12,001	$	40,811	$	37,888

(1)During the three and nine months ended September 30, 2024, we recognized an aggregate $125,000 and $668,000, respectively, of expenses related to our Multifamily Joint Venture. During the three and nine months ended September 30, 2023, we recognized an aggregate $230,000 and $826,000, respectively, of expenses related to our Multifamily Joint Venture.