Other Expenses (Tables)

12 Months Ended

Dec. 31, 2024

Other Income and Expenses [Abstract]

Schedule of General and Administrative Expenses

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

	Year Ended December 31,
	2024		2023		2022
Professional services	$	15,176	$	13,269	$	10,924
Operating and other costs	6,918		7,219		7,855
Subtotal(1)	22,094		20,488		18,779
Non-cash compensation expenses
Restricted class A common stock earned	30,969		29,975		32,724
Director stock-based compensation	859		680		690
Subtotal	31,828		30,655		33,414
Total general and administrative expenses	$	53,922	$	51,143	$	52,193

(1)During the years ended December 31, 2024, 2023, and 2022, we recognized an aggregate $743,000, $1.2 million, and $1.1 million, respectively, of expenses related to our Multifamily Joint Venture.