DISCONTINUED OPERATIONS

3 Months Ended

Mar. 31, 2024

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS

During the first quarter of 2024, the Company sold the last office property, representing the completion of the sale of the Office Portfolio. As the sale of the Office Portfolio represented a strategic shift in the Company’s operations, the results of these sold properties are being classified as discontinued operations for all periods presented.

The following table summarizes income from discontinued operations and the related realized gains (losses) and unrealized losses on disposition of rental property and impairments, net, for the three months ended March 31, 2024 and 2023 (dollars in thousands):

	Three Months Ended March 31,
	2024		2023
Total Revenues	$	2,999	$	21,008
Operating and other expenses, net	(2,284)		(11,397)
Depreciation and amortization	(668)		(6,966)
Interest Expense	—		(822)
Equity in earnings of unconsolidated joint ventures	205		—
Income from discontinued operations	252		1,823
Realized gain (loss) on disposition of rental property	1,548		779
Realized gain (loss), net	1,548		779
Total discontinued operations, net	$	1,800	$	2,602