Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2017

Segment Reporting [Abstract]

Summary of Total Assets and Financial Results by Segment

The following table sets forth the total assets by segment as of June 30, 2017 ($ in thousands):  

	Multifamily		Industrial		Hotel		Retail		Real Estate- Related Securities		Other (Corporate)		Total
Total assets	$	932,689	$	456,639	$	102,225	$	56,780	$	292,074	$	94,191	$	1,934,598

The following table sets forth the financial results by segment for the three months ended June 30, 2017 ($ in thousands):  

	Multifamily		Industrial		Hotel		Retail		Real Estate- Related Securities		Total
Revenues:
Rental revenue	$	14,036	$	6,260	$	—	$	934	$	—	$	21,230
Tenant reimbursement income		482		1,626		—		98		—		2,206
Hotel revenue		—		—		3,748		—		—		3,748
Other revenue		1,149		—		—		6		—		1,155
Total revenues		15,667		7,886		3,748		1,038		—		28,339
Expenses:
Rental property operating		6,667		2,549		—		173		—		9,389
Hotel operating		—		—		2,109		—		—		2,109
Total expenses		6,667		2,549		2,109		173		—		11,498
Income from real estate-related securities		—		—		—		—		2,543		2,543
Segment net operating income	$	9,000	$	5,337	$	1,639	$	865	$	2,543	$	19,384
Depreciation and amortization	$	18,240	$	4,217	$	763	$	476	$	—	$	23,696
Other income (expense):
General and administrative												(1,567	)
Interest income												117
Interest expense												(5,541	)
Performance participation allocation												(5,241	)
Other expenses												(28	)
Income tax expense												(129	)
Net loss											$	(16,701	)

The following table sets for the financial results by segment for the six months ended June 30, 2017 ($ in thousands):  

	Multifamily		Industrial		Hotel		Retail		Real Estate- Related Securities		Total
Revenues:
Rental revenue	$	14,556	$	6,619	$	—	$	953	$	—	$	22,128
Tenant reimbursement income		508		1,667		—		98		—		2,273
Hotel revenue		—		—		5,174		—		—		5,174
Other revenue		1,202		—		—		6		—		1,208
Total revenues		16,266		8,286		5,174		1,057		—		30,783
Expenses:
Rental property operating		6,885		2,635		—		174		—		9,694
Hotel operating		—		—		2,949		—		—		2,949
Total expenses		6,885		2,635		2,949		174		—		12,643
Income from real estate-related securities		—		—		—		—		3,409		3,409
Segment net operating income	$	9,381	$	5,651	$	2,225	$	883	$	3,409	$	21,549
Depreciation and amortization	$	18,599	$	4,444	$	1,257	$	486	$	—	$	24,786
Other income (expense):
General and administrative												(4,253	)
Interest income												382
Interest expense												(5,547	)
Performance participation allocation												(5,241	)
Other expenses												(28	)
Income tax expense												(44	)
Net loss											$	(17,968	)