Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Total Assets and Financial Results by Segment

The following table sets forth the total assets by segment as of June 30, 2023($ in thousands):

	Real Estate		Real Estate Debt		Other Corporate		Total
Total Assets	$	52,155	$	142,152	$	116,894	$	311,201

The following table sets forth the financial results by segment for the three months ended June 30, 2023 ($ in thousands):

	Real Estate			Real Estate Debt		Other Corporate		Total
Revenue									—
Rental revenue	$	1,054		$	—	$	—	$	1,054
Total revenues		1,054			—		—		1,054
Expenses
Rental property operating		(113	)		—		—		(113	)
Total segment expenses		(113	)		—		—		(113	)
Income from investments in real estate debt		—			3,161		—		3,161
Segment net operating income	$	941		$	3,161	$	—	$	4,102
Depreciation and amortization	$	(345	)	$	—	$	—	$	(345	)
General and administrative									(1,427	)
Management fee									(699	)
Performance participation allocation									(146	)
Other income, net									1,560
Net income								$	3,045
Net income attributable to non-controlling interests in ARIS OP								$	1,124
Net income attributable to ARIS stockholders								$	1,921

The following table sets forth the financial results by segment for the six months ended June 30, 2023 ($ in thousands):

	Real Estate			Real Estate Debt		Other Corporate		Total
Revenue									—
Rental revenue	$	2,047		$	—	$	—	$	2,047
Total revenues		2,047			—		—		2,047
Expenses
Rental property operating		(205	)		—		—		(205	)
Total segment expenses		(205	)		—		—		(205	)
Income from investments in real estate debt		—			3,896		—		3,896
Segment net operating income	$	1,842		$	3,896	$	—	$	5,738
Depreciation and amortization	$	(628	)	$	—	$	—	$	(628	)
General and administrative									(2,532	)
Management fee									(1,098	)
Performance participation allocation									(146	)
Other income, net									2,394
Net income								$	3,728
Net income attributable to non-controlling interests in ARIS OP								$	1,472
Net income attributable to ARIS stockholders								$	2,256