REPORTING SEGMENTS

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

REPORTING SEGMENTS

REPORTING SEGMENTS

The Company recognizes two reporting segments for the three and six months ended June 30, 2020 and consists of strategic opportunistic properties and related investments and single-family homes. Corporate related costs are allocated to each respective segment. The selected financial information for the two reporting segments for the three months ended June 30, 2020 is as follows (in thousands):

	Three Months Ended June 30, 2020
	Strategic Opportunistic Properties		Single-Family Homes		Total
Total revenues	$	20,450	$	3,071	$	23,521
Total expenses	(27,793)		(3,644)		(31,437)
Total other income	11,776		—		11,776
Net income (loss)	$	4,433	$	(573)	$	3,860

	Six Months Ended June 30, 2020
	Strategic Opportunistic Properties		Single-Family Homes		Total
Total revenues	$	42,201	$	5,920	$	48,121
Total expenses	(40,688)		(7,184)		(47,872)
Total other loss	(14,028)		—		(14,028)
Net loss	$	(12,515)	$	(1,264)	$	(13,779)

Total assets related to the two reporting segments as of June 30, 2020 and December 31, 2019 are as follows (in thousands):

	June 30, 2020
	Strategic Opportunistic Properties		Single-Family Homes		Total
Total assets	$	935,315	$	130,540	$	1,065,855
	December 31, 2019
	Strategic Opportunistic Properties		Single-Family Homes		Total
Total assets	$	921,917	$	119,325	$	1,041,242