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Real Estate Properties (Tables)
 9 Months Ended
Sep. 30, 2024
Real Estate [Abstract]  
Schedule of Real Estate Properties Owned
Real estate properties, consists of the following (dollars in thousands):

September 30, 2024December 31, 2023
Land$74,246 $74,246 
Building616,979 616,979 
Building improvements30,053 25,110 
  Real estate properties721,278 716,335 
Accumulated depreciation(99,899)(80,499)
  Total real estate properties, net$621,379 $635,836 


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

December 31, 2023
Balance		 ImprovementsDepreciation September 30, 2024
Balance
Multi-family$634,045 $4,797 $(19,317)$619,525 
Retail shopping center and other1,791 146 (83)1,854 
Total real estate properties$635,836 $4,943 $(19,400)$621,379 
At the indicated dates, real estate properties of the unconsolidated joint ventures consist of the following (dollars in thousands):
September 30, 2024December 31, 2023
Land$46,331 $46,331 
Building344,546 291,473 
Building improvements8,646 8,040 
   Real estate properties399,523 345,844 
Accumulated depreciation(78,684)(69,970)
    Total real estate properties, net$320,839 $275,874