Other Expenses (Tables)

3 Months Ended

Mar. 31, 2025

Other Income and Expenses [Abstract]

Schedule of General and Administrative Expenses

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

	Three Months Ended March 31,
	2025	2024
Professional services	$3,911	$4,140
Operating and other costs	1,788	1,476
Subtotal(1)	5,699	5,616
Non-cash compensation expenses
Restricted class A common stock earned	6,792	7,911
Director stock-based compensation	173	201
Subtotal	6,965	8,112
Total general and administrative expenses	$12,664	$13,728

(1)During the three months ended March 31, 2025 and 2024, we recognized an aggregate $87,000 and $223,000,

respectively, of expenses related to our Multifamily Joint Venture.