MARKETABLE SECURITIES

12 Months Ended

Dec. 31, 2022

Investments, Debt and Equity Securities [Abstract]

The following is a summary of the Company's marketable securities held as of December 31, 2022 and 2021, which consisted entirely of publicly traded shares of common stock in REITs as of each date.


	December 31, 2022		December 31, 2021
Marketable securities—cost	$	25,679	$	25,564
Unrealized gains	2,556		11,280
Unrealized losses	(1,248)		(19)
Net unrealized gain	1,308		11,261
Marketable securities—fair value	$	26,987	$	36,825

Upon the sale of a particular security, the realized net gain or loss is computed assuming the shares with the highest cost are sold first. During the year ended December 31, 2022, marketable securities sold generated proceeds of $32,604 resulting in gross realized gains of $2,984 and gross realized losses of $3,778. During the year ended December 31, 2021, marketable securities sold generated proceeds of $20,185 resulting in gross realized gains of

$3,403 and gross realized losses of $224. During the year ended December 31, 2020, marketable securities sold generated proceeds of $24,496 resulting in gross realized gains of $1,011 and gross realized losses of $3,374.During the first quarter of 2023, the Company sold virtually all of its investments in marketable securities generating proceeds of approximately $29,000 and net realized gains of approximately $3,500. Of these proceeds, $17,000 was used to pay down the outstanding balance on the Revised Wells Fargo Line of Credit (defined in Note 8).