BBX Capital Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 8 - Investments in and Advances to Unconsolidated Real Estate Joint Ventures (Tables)

Note 8 - Investments in and Advances to Unconsolidated Real Estate Joint Ventures (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

Equity Method Investments [Table Text Block]

		*December 31,*								*December 31,*
		*2022*				*Ownership (1)*				*2021*
Altis Grand Central			687				1.49	%			730
Altis Ludlam Trail ⁽²⁾			12,216				33.30				10,831
Altis Grand at The Preserve			—				33.30				194
Altis Little Havana			—				3.43				1,021
Altis Lake Willis Phase 1			850				1.23				437
Altis Lake Willis Phase 2			601				3.50				—
Altis Vineland Pointe			151				50.00				2,538
Altis Miramar East/West			—				5.00				2,878
Altis Grand at Suncoast			4,579				11.00				2,780
Altis Blue Lake			647				1.22				260
Altis Santa Barbara			433				3.50				—
Altra Kendall			5,670				13.70				—
The Altman Companies⁽³⁾			11,992				50.00				16,716
ABBX Guaranty			5,978				50.00				3,750
Bayview			—				50.00				1,308
Marbella			1,064				70.00				974
The Main Las Olas			1,117				3.41				1,990
Sky Cove			24				26.25				1,686
Sky Cove South			3,241				26.25				4,708
Other			165								165
Total		$	49,415							$	52,966

Altis Grand at Preserve [Member]

Notes Tables

Equity Method Investments [Table Text Block]

		*December 31,*
		*2022*				*2021*
Assets
Cash		$	—				1,400
Real estate			—				—
Other assets			—				—
Total assets		$	—				1,400
Liabilities and Equity
Notes payable		$	—				—
Other liabilities			—				100
Total liabilities			—				100
Total equity			—				1,300
Total liabilities and equity		$	—				1,400

		*For the Years Ended December 31,*
		*2022*				*2021*				*2020*
Total revenues		$	—				1,965				399
Gain on sale of real estate			—				37,675				—
Other expenses			—				(3,476	)			(1,645	)
Net earnings (loss)			—				36,164				(1,246	)
Equity in net earnings of unconsolidated real estate joint venture - Altis Grand at the Preserve		$	114				4,977				(35	)

Altis Grand Central [Member]

Notes Tables

Equity Method Investments [Table Text Block]

		*December 31,*
		*2022*				*2021*
Assets
Cash		$	—				—
Real estate			—				—
Investment in Altis Grand Central JV			4,589				4,879
Other assets			—				—
Total assets		$	4,589				4,879
Liabilities and Equity
Notes payable		$	—				—
Other liabilities			—				—
Total liabilities			—				—
Total equity			4,589				4,879
Total liabilities and equity		$	4,589				4,879

		*For the Years Ended December 31,*
		*2022*				*2021*				*2020*
Total revenues		$	—				5,735				2,630
Gain on sale of equity interest in joint venture			—				53,537				—
Total expenses			—				(7,180	)			(6,294	)
Net earnings (loss)			—				52,092				(3,664	)
Equity in net earnings of unconsolidated real estate joint venture - Altis Grand Central		$	—				6,182				(406	)

Altis Promenade [Member]

Notes Tables

Equity Method Investments [Table Text Block]

		*December 31,*
		*2022*				*2021*
Assets
Cash		$	—				1,197
Other assets			—				208
Total assets		$	—				1,405
Liabilities and Equity
Other liabilities			—				1,405
Total liabilities			—				1,405
Total equity			—				—
Total liabilities and equity		$	—				1,405

		*For the Years Ended December 31,*
		*2022*				*2021*				*2020*
Total revenues		$	—				2,589				3,795
Gain on sale of real estate			—				40,010				—
Other expenses			—				(2,635	)			(6,238	)
Net earnings (loss)		$	—				39,964				(2,443	)
Equity in net earnings of unconsolidated real estate joint venture - Altis Promenade		$	230				5,178				(161	)

Altis Miramar East/West [Member]

Notes Tables

Equity Method Investments [Table Text Block]

		*December 31,*
		*2022*				*2021*
Assets
Cash		$	433				138
Real estate			—				42,613
Construction in progress			—				103,413
Other assets			438				1,773
Total assets		$	871				147,937
Liabilities and Equity
Notes payable		$	—				88,077
Other liabilities			118				6,785
Total liabilities			118				94,862
Total equity			753				53,075
Total liabilities and equity		$	871				147,937

		*For the Years Ended December 31,*
		*2022*				*2021*				*2020*
Total revenues		$	5,049				1,269				—
Gain on sale of real estate			143,217				—				—
Other expenses			(7,101	)			(532	)			—
Net earnings		$	141,165				737				—
Equity in net earnings of unconsolidated real estate joint venture - Altis Miramar East/West		$	13,950				(34	)			—

Altis Little Havana [Member]

Notes Tables

Equity Method Investments [Table Text Block]

		*December 31,*
		*2022*				*2021*
Assets
Cash		$	718				40
Real estate			—				58,254
Other assets			411				610
Total assets		$	1,129				58,904
Liabilities and Equity
Notes payable		$	—				32,536
Other liabilities			270				3,116
Total liabilities			270				35,652
Total equity			859				23,252
Total liabilities and equity		$	1,129				58,904

		*For the Years Ended December 31,*
		*2022*				*2021*				*2020*
Total revenues		$	255				—				—
Gain on sale of real estate			59,023				—				—
Other expenses			(2,369	)			(82	)			—
Net earnings (loss)		$	56,909				(82	)			—
Equity in net earnings of unconsolidated real estate joint venture - Altis Little Havana		$	8,689				—				—

Marbella [Member]

Notes Tables

Equity Method Investments [Table Text Block]

		*December 31,*
		*2022*				*2021*
Assets
Cash		$	3,508				4,371
Real estate inventory			1,706				49,928
Other assets			526				1,673
Total assets		$	5,740				55,972
Liabilities and Equity
Notes payable		$	—				30,987
Customer deposits			—				21,255
Other liabilities			3,611				2,698
Total liabilities			3,611				54,940
Total equity			2,129				1,032
Total liabilities and equity		$	5,740				55,972

		For the Years Ended December 31,
		2022				2021				2020
Total revenues		$	110,914				24,676				—
Cost of real estate inventory sold			(81,610	)			(18,732	)			—
Other expenses			(3,601	)			(2,187	)			(858	)
Net earnings (loss)		$	25,703				3,757				(858	)
Equity in net earnings of unconsolidated real estate joint venture - Marbella		$	12,594				2,558				601

The Altman Companies, LLC [Member]

Notes Tables

Equity Method Investments [Table Text Block]

		*December 31,*
		*2022*				*2021*
Assets
Cash		$	968				995
Properties and equipment			20				387
Investment in unconsolidated subsidiaries			5,020				7,153
Goodwill			16,683				16,683
Due from related parties			7,089				4,462
Predevelopment costs			4,253				6,036
Other assets			1,393				2,626
Total assets		$	35,426				38,342
Liabilities and Equity
Notes payable		$	2,500				3,250
Due to related parties			643				—
Other liabilities			10,769				5,213
Total liabilities			13,912				8,463
Total equity			21,514				29,879
Total liabilities and equity		$	35,426				38,342

		*For the Years Ended December 31,*
		*2022*				*2021*				*2020*
Total revenues		$	9,106				8,577				8,700
Other expenses			(18,555	)			(11,755	)			(10,670	)
Operating loss			(9,449	)			(3,178	)			(1,970	)
Gain from forgiveness of related party loan			2,026				—				—
Equity in (losses) earnings from unconsolidated investment in Altman Glenewinkel Construction, LLC			(2,318	)			321				1,737
Net loss			(9,741	)			(2,857	)			(233	)
Equity in net loss of unconsolidated real estate joint venture - The Altman Companies		$	(5,491	)			(1,429	)			(117	)