Annual report pursuant to Section 13 and 15(d)

Note 8 - Investments in and Advances to Unconsolidated Real Estate Joint Ventures - Schedule of Investments (Details)

v3.22.4
Note 8 - Investments in and Advances to Unconsolidated Real Estate Joint Ventures - Schedule of Investments (Details) - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Investments in and advances to unconsolidated real estate joint ventures $ 49,415 $ 52,966 $ 58,010
Altis Grand Central [Member]      
Investments in and advances to unconsolidated real estate joint ventures $ 687 730  
Ownership [1] 1.49%    
Altis Ludlam Trail [Member]      
Investments in and advances to unconsolidated real estate joint ventures [2] $ 12,216 10,831  
Ownership [1] 33.30%    
Altis Grand at Preserve [Member]      
Investments in and advances to unconsolidated real estate joint ventures $ 0 194  
Ownership [1] 33.30%    
Altis Little Havana [Member]      
Investments in and advances to unconsolidated real estate joint ventures $ 0 1,021  
Ownership [1] 3.43%    
Altis Lake Willis Phase 1 [Member]      
Investments in and advances to unconsolidated real estate joint ventures $ 850 437  
Ownership [1] 1.23%    
Altis Lake Willis Phase 2 [Member]      
Investments in and advances to unconsolidated real estate joint ventures $ 601 0  
Ownership [1] 3.50%    
Altis Vineland Pointe [Member]      
Investments in and advances to unconsolidated real estate joint ventures $ 151 2,538  
Ownership 50.00%    
Altis Miramar East/West [Member]      
Investments in and advances to unconsolidated real estate joint ventures $ 0 2,878  
Ownership [1] 5.00%    
Altis Grand at Suncoast [Member]      
Investments in and advances to unconsolidated real estate joint ventures $ 4,579 2,780  
Ownership [1] 11.00%    
Altis Blue Lake [Member]      
Investments in and advances to unconsolidated real estate joint ventures $ 647 260  
Ownership [1] 1.22%    
Altis Santa Barbara [Member]      
Investments in and advances to unconsolidated real estate joint ventures $ 433 0  
Ownership 3.50%    
Altra Kendal [Member]      
Investments in and advances to unconsolidated real estate joint ventures $ 5,670 0  
Ownership 13.70%    
The Altman Companies, LLC [Member]      
Investments in and advances to unconsolidated real estate joint ventures [3] $ 11,992 16,716  
Ownership [1] 50.00%    
ABBX Guaranty, LLC [Member}      
Investments in and advances to unconsolidated real estate joint ventures $ 5,978 3,750  
Ownership [1] 50.00%    
Bayview [Member]      
Investments in and advances to unconsolidated real estate joint ventures $ 0 1,308  
Ownership [1] 50.00%    
Marbella [Member]      
Investments in and advances to unconsolidated real estate joint ventures $ 1,064 974  
Ownership [1] 70.00%    
The Main Las Olas [Member]      
Investments in and advances to unconsolidated real estate joint ventures $ 1,117 1,990  
Ownership [1] 3.41%    
Sky Cove [Member]      
Investments in and advances to unconsolidated real estate joint ventures $ 24 1,686  
Ownership [1] 26.25%    
Sky Cove South [Member]      
Investments in and advances to unconsolidated real estate joint ventures $ 3,241 4,708  
Ownership [1] 26.25%    
Other Investments in Real Estate Joint Ventures [Member]      
Investments in and advances to unconsolidated real estate joint ventures $ 165 $ 165  
[1] The Company’s ownership percentage in each real estate joint venture represents the Company’s percentage of the contributed capital in each venture. The operating agreements for many of these ventures provide for a disproportionate allocation of distributions to the extent that certain investors receive specified returns on their investments, and as a result, these percentages do not necessarily reflect the Company’s economic interest in the expected distributions from such ventures.
[2] Ownership percentage represents the Company's ownership of the managing member of the joint venture and excludes its preferred interest accounted for as a loan receivable from the joint venture.
[3] The investment in the Altman Companies includes $2.3 million of transaction costs that were incurred in connection with the formation of the joint venture. See additional information below in this Note 7 regarding the Company’s acquisition of its interest in the Altman Companies.