REPORTING SEGMENTS

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

REPORTING SEGMENTS

REPORTING SEGMENTS

The Company recognizes two reporting segments for the three and nine months ended September 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 September 30, 2020 is as follows (in thousands):

	Three Months Ended September 30, 2020
	Strategic Opportunistic Properties		Single-Family Homes		Total
Total revenues	$	22,548	$	5,197	$	27,745
Total expenses	(26,285)		(5,969)		(32,254)
Total other (loss) income	(2,863)		4		(2,859)
Net loss	$	(6,600)	$	(768)	$	(7,368)

	Nine Months Ended September 30, 2020
	Strategic Opportunistic Properties		Single-Family Homes		Total
Total revenues	$	64,752	$	11,117	$	75,869
Total expenses	(66,928)		(13,203)		(80,131)
Total other (loss) income	(16,939)		54		(16,885)
Net loss	$	(19,115)	$	(2,032)	$	(21,147)

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

	September 30, 2020
	Strategic Opportunistic Properties		Single-Family Homes		Total
Total assets	$	915,931	$	187,469	$	1,103,400
	December 31, 2019
	Strategic Opportunistic Properties		Single-Family Homes		Total
Total assets	$	921,917	$	119,325	$	1,041,242