Other Expenses (Tables)

6 Months Ended

Jun. 30, 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 June 30,		Six Months Ended June 30,
	2025	2024	2025	2024
Professional services	$4,281	$3,817	$8,192	$7,957
Operating and other costs	1,942	1,881	3,730	3,357
Subtotal(1)	6,223	5,698	11,922	11,314
Non-cash compensation expenses
Restricted class A common stock earned	7,131	7,761	13,923	15,672
Director stock-based compensation	172	201	345	402
Subtotal	7,303	7,962	14,268	16,074
Total general and administrative expenses	$13,526	$13,660	$26,190	$27,388

(1)During the three and six months ended June 30, 2025, we recognized an aggregate $106,000 and $192,000,

respectively, of expense related to our Multifamily Joint Venture, compared to $320,000 and $543,000, respectively,

during the same periods in 2024.