Operating Segments (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Schedule of Profit by Reportable Segment

The following table presents our profit by reportable segment:

	For the Years Ended December 31,
	2021		2020		2019
Residential Segment
Revenue	$	14,495	$	14,686	$	13,517
Operating expenses	(8,167)		(8,482)		(9,305)
Profit from segment	6,328		6,204		4,212
Commercial Segment
Revenue	23,313		37,223		32,714
Operating expenses	(12,693)		(15,878)		(16,389)
Profit from segment	10,620		21,345		16,325
Total profit from segments	$	16,948	$	27,549	$	20,537

Reconciliation of Revenue from Segments to Consolidated

The following table reconciles our profit by reportable segment to net income (loss):

	For the Years Ended December 31,
	2021		2020		2019
Segment operating income	$	16,948	$	27,549	$	20,537
Other non-segment items of income (expense)
Depreciation and amortization	(11,870)		(14,755)		(13,379)
General and administrative	(15,942)		(10,614)		(11,089)
Advisory Fee	(13,985)		(9,409)		(9,216)
Other income	4,231		7,117		12,757
Interest Income	23,421		23,098		25,955
Interest Expense	(29,080)		(35,004)		(39,860)
Loss on foreign currency transactions	(6,175)		(13,378)		(15,108)
Los on extinguishment of debt	(1,451)		—		(5,219)
Equity in income (loss) from unconsolidated joint ventures	14,634		(379)		(2,313)
Gain on sale or write-down of assets	24,647		36,895		15,192
Income tax provision	1,067		147		—
Net income (loss)	$	6,445	$	11,267	$	(21,743)

Reconciliation of Assets from Segment to Consolidated

The table below reconciles the segment information to the corresponding amounts in the consolidated balance sheets:

	December 31,
	2021		2020
Segment assets	$	263,937	$	342,965
Real estate	63,945		65,149
Investments in unconsolidated joint ventures	61,621		60,425
Notes receivable	136,607		130,626
Receivable from related parties	100,599		129,335
Other assets and receivables	143,860		137,264
Total assets	$	770,569	$	865,764