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REVENUE (Tables)
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue The following tables present revenues disaggregated by significant product offerings, which align with the Company’s performance obligations and the basis for calculating each amount for the three and six months ended June 30, 2025 and 2024 (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
FUND MANAGEMENT FEES2025202420252024
Funds$56,875 $59,451 $114,495 $118,398 
Joint ventures and separately managed accounts1,590 2,002 3,278 4,160 
Total fund management fees$58,465 $61,453 $117,773 $122,558 
Three Months Ended June 30,Six Months Ended June 30,
PROPERTY MANAGEMENT AND LEASING FEES2025202420252024
Multifamily$8,122 $7,785 $16,077 $15,274 
Seniors Housing5,004 5,674 10,269 11,494 
Office1,201 1,691 2,583 5,747 
Single-Family Rental2,366 2,613 4,757 5,185 
Total property management and leasing fees$16,693 $17,763 $33,686 $37,700 
Three Months Ended June 30,Six Months Ended June 30,
CONSTRUCTION MANAGEMENT FEES2025202420252024
Multifamily$1,322 $1,462 $2,320 $2,558 
Office— 39 57 378 
Seniors Housing154 207 280 421 
Other229 106 337 154 
Total construction management fees$1,705 $1,814 $2,994 $3,511 
Three Months Ended June 30,Six Months Ended June 30,
TRANSACTION FEES2025202420252024
Acquisition fees$2,540 $4,075 $4,534 $9,796 
Brokerage fees2,276 2,329 3,475 3,408 
Total transaction fees$4,816 $6,404 $8,009 $13,204