DISCONTINUED OPERATIONS

6 Months Ended

Jun. 30, 2024

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS

The Company's sale of its former Office Portfolio represented a strategic shift in the Company’s operations. As such, the results of these sold properties are 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 and six months ended June 30, 2024 and 2023 (dollars in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Total Revenues	$	(277)	$	7,210	$	2,722	$	28,217
Operating and other expenses, net	1,639		(6,274)		(645)		(17,670)
Depreciation and amortization	—		(2,128)		(668)		(9,094)
Interest Expense	—		—		—		(822)
Equity in earnings of unconsolidated joint ventures	57		—		262		—
Income from discontinued operations	1,419		(1,192)		1,671		631
Realized gain (loss) on disposition of rental property	—		(3,488)		1,548		(2,709)
Realized gain (loss), net	—		(3,488)		1,548		(2,709)
Total discontinued operations, net	$	1,419	$	(4,680)	$	3,219	$	(2,078)