INVESTMENTS IN UNCONSOLIDATED ENTITIES

6 Months Ended

Jun. 30, 2024

Equity Method Investments and Joint Ventures [Abstract]

INVESTMENTS IN UNCONSOLIDATED ENTITIES

NOTE 9 - INVESTMENTS IN UNCONSOLIDATED ENTITIES

The following table summarizes the Company's investments in unconsolidated entities at June 30, 2024 and December 31, 2023 and equity in earnings of unconsolidated entities for the three and six months ended June 30, 2024 and 2023 (dollars in thousands):

								Earnings (Losses) of Unconsolidated Entities
	Ownership %							For the Three Months Ended June 30,					For the Six Months Ended June 30,
	at June 30, 2024			June 30, 2024		December 31, 2023		2024			2023		2024			2023
Investment in RCT I and II (1)		3	%	$	1,548	$	1,548	$	38		$	37	$	75		$	70
65 E. Wacker Joint Venture, LLC (2)		90	%		20,082		—		(41	)		—		(41	)		—
Total				$	21,630	$	1,548	$	(3	)	$	37	$	34		$	70

(1)During the three months ended June 30, 2024 and 2023, dividends from the investments in RCT I's and RCT II's common shares are recorded in other revenue on the Company's consolidated statements of operations.

(2)Refer to Note 3 for details regarding the Venture.