Quarterly report [Sections 13 or 15(d)]

DISCONTINUED OPERATIONS

v3.25.2
DISCONTINUED OPERATIONS
 6 Months Ended
Jun. 30, 2025
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 gains (losses) on disposition of rental property and impairments, net, for the three and six months ended June 30, 2025 and 2024 (dollars in thousands):
Three Months Ended
June 30,		 Six Months Ended
June 30,
2025 2024 2025 2024
Total Revenues $ — $ (277) $ 141 $ 2,722
Operating and other expenses, net (27) 1,639  (32) (645)
Depreciation and amortization —  —  —  (668)
Equity in earnings of unconsolidated joint ventures —  57  —  262 
Income (loss) from discontinued operations (27) 1,419 109 1,671
Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net — — — 1,548
Realized gain (loss), net — — — 1,548
Total discontinued operations, net $ (27) $ 1,419 $ 109 $ 3,219