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Real Estate Properties (Tables)
 3 Months Ended
Mar. 31, 2023
Real Estate [Abstract]  
Summary of Real Estate Properties Owned
Real estate properties, consists of the following (dollars in thousands):

March 31, 2023December 31, 2022
Land$74,246 $74,246 
Building617,041 617,041 
Building improvements17,669 15,511 
  Real estate properties708,956 706,798 
Accumulated depreciation(61,480)(55,195)
  Total real estate properties, net$647,476 $651,603 


A summary of real estate properties owned is as follows (dollars in thousands):
      

December 31, 2022
Balance		 ImprovementsDepreciation March 31, 2023
Balance
Multi-family$649,701 $2,120 $(6,257)$645,564 
Retail shopping center and other1,902 38 (28)1,912 
Total real estate properties$651,603 $2,158 $(6,285)$647,476 
At the indicated dates, real estate properties of the unconsolidated joint ventures consist of the following (dollars in thousands):
March 31, 2023December 31, 2022
Land$46,331 $59,404 
Building291,473 315,400 
Building improvements6,798 10,445 
   Real estate properties344,602 385,249 
Accumulated depreciation(62,273)(66,945)
    Total real estate properties, net$282,329 $318,304