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SEGMENT REPORTING (Tables)
 6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Schedule Of Selected Results Of Operations And Asset Information
Selected results of operations for the three and six months ended June 30, 2023 and 2022 and selected asset information as of June 30, 2023 and December 31, 2022 regarding the Company’s operating segments are as follows. Amounts for prior periods have been restated to conform to the current period segment reporting presentation (dollars in thousands):
Commercial
& Other Real Estate		Multifamily
Real Estate & Services (d)		Corporate
& Other (e)		Total
Company
Total revenues:
Three months ended:
June 30, 2023$4,525 $64,144 $60 $68,729 
June 30, 20221,379 52,876 (442)53,813 
Six months ended:
June 30, 2023$8,290 $126,422 $976 $135,688 
June 30, 20224,865 99,393 (944)103,314 
Total operating and interest expenses (a):
Three months ended:
June 30, 2023$3,050 $23,710 $45,968 $72,728 
June 30, 2022672 26,221 26,357 53,250 
Six months ended:
June 30, 2023$4,697 $52,061 $77,008 $133,766 
June 30, 20221,372 51,008 57,637 110,017 
Equity in earnings (loss) of unconsolidated joint ventures:
Three months ended:
June 30, 2023$— $2,700 $— $2,700 
June 30, 2022— 2,638 — 2,638 
Six months ended:
June 30, 2023$— $2,633 $— $2,633 
June 30, 2022— 2,151 — 2,151 
Net operating income (loss) (b):
Three months ended:
June 30, 2023$1,475 $43,134 $(45,908)$(1,299)
June 30, 2022707 29,293 (26,799)3,201 
Six months ended:
June 30, 2023$3,593 $76,994 $(76,032)$4,555 
June 30, 20223,493 50,536 (58,581)(4,552)
Total assets:
June 30, 2023$200,488 $3,192,520 $379,825 $3,772,833 
December 31, 2022597,459 3,302,188 21,121 3,920,768 
Total long-lived assets (c):
June 30, 2023$194,879 $2,969,009 $(1,503)$3,162,385 
December 31, 2022547,923 3,101,286 (1,330)3,647,879 
Total investments in unconsolidated joint ventures:
June 30, 2023$— 122,435 $— $122,435 
December 31, 2022— 126,158 — 126,158 
(a)Total operating and interest expenses represent the sum of: real estate taxes; utilities; operating services; real estate services expenses; general and administrative, acquisition related costs and interest expense (net of interest income). All interest expense, net of interest and other investment income (including for property-level mortgages), is excluded from segment amounts and classified in Corporate & Other for all periods.
(b)Net operating income represents total revenues less total operating and interest expenses (as defined and classified in Note “a”), plus equity in earnings (loss) of unconsolidated joint ventures, for the period.
(c)Long-lived assets are comprised of net investment in rental property and unbilled rents receivable.
(d)Segment assets and operations were owned through a consolidated and variable interest entity commencing in February 2018.
(e)Corporate & Other represents all corporate-level items (including interest and other investment income, interest expense, non-property general and administrative expense), as well as intercompany eliminations necessary to reconcile to consolidated Company totals.
Schedule Of Reconciliation Of Net Operating Income To Net Income Available To Common Shareholders
The following schedule reconciles net operating income to net income (loss) available to common shareholders (dollars in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2023202220232022
Net operating (loss) income $(1,299)$3,201$4,555$(4,552)
Add (deduct):
Depreciation and amortization(23,684)(21,015)(47,331)(39,456)
Land and other impairments, net— (3,900)(3,396)(6,832)
(Loss) Gain on disposition of developable land—55,125(22)57,748
Gain (loss) from extinguishment of debt, net(2,657)(129)(2,657)(129)
Other income, net853—2,851 — 
(Loss) income from continuing operations(26,787)33,282 (46,000)6,779 
Discontinued operations
(Loss) income from discontinued operations1405,8082,344 25,948 
Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net(3,488)(4,440)(2,709)(2,604)
Total discontinued operations, net(3,348)1,368(365)23,344
Net (loss) income(30,135)34,650 (46,365)30,123 
Noncontrolling interests in consolidated joint ventures6367841,2231,758
Noncontrolling interests in Operating Partnership2,384(2,568)4,696305
Noncontrolling interest in discontinued operations298(127)22(2,102)
Redeemable noncontrolling interests(617)(6,366)(6,983)(12,803)
Net (loss) income available to common shareholders$(27,434)$26,373$(47,407)$17,281
The following schedule reconciles net operating income to net income (loss) available to common unitholders (dollars in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2023202220232022
Net operating (loss) income$(1,299)$3,201$4,555$(4,552)
Add (deduct):
Depreciation and amortization(23,684)(21,015)(47,331)(39,456)
Land and other impairments, net— (3,900)(3,396)(6,832)
Gain on disposition of developable land— 55,125(22)57,748
Gain (loss) from extinguishment of debt, net(2,657)(129)(2,657)(129)
Other income, net853 — 2,851 — 
(Loss) income from continuing operations(26,787)33,282 (46,000)6,779 
Discontinued operations
(Loss) income from discontinued operations1405,8082,34425,948
Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net(3,488)(4,440)(2,709)(2,604)
Total discontinued operations, net(3,348)1,368(365)23,344
Net (loss) income(30,135)34,650(46,365)30,123
Noncontrolling interests in consolidated joint ventures6367841,2231,758
Redeemable noncontrolling interests(617)(6,366)(6,983)(12,803)
Net (loss) income available to common unitholders$(30,116)$29,068$(52,125)$19,078