13. Noncontrolling Interests

Redeemable Noncontrolling Interest

As of March 31, 2023 and December 31, 2022, the Company’s consolidated statements of financial condition included a redeemable noncontrolling interest of $5.1 million and $4.4 million, respectively, which relates to a redeemable noncontrolling interest associated with IT’SUGAR. The Company owns over 90% of IT’SUGAR’s Class B Units, while the remaining Class B units are a noncontrolling interest held by an executive officer of IT’SUGAR and may be redeemed for cash at the holder’s option upon a contingent event outside of the Company’s control.  As of March 31, 2023, the Company’s consolidated statements of financial condition also included a redeemable noncontrolling interest of $5.0 million, which relates to a redeemable noncontrolling interest associated with Mr. Altman’s ownership interest in ABBX. BBXRE and Mr. Altman each own 50% of ABBX, and Mr. Altman’s noncontrolling interests may be redeemed for cash upon a contingent event outside of the Company’s control.

During the three months ended March 31, 2023 and 2022 the net loss attributable to the redeemable noncontrolling interest in IT’SUGAR was $0.2 million and $0.1 million, respectively.

Other Noncontrolling Interests

The Company's other noncontrolling interests consisted of the following (in thousands):

Income (loss) attributable to noncontrolling interests, including redeemable noncontrolling interests, consisted of the following (in thousands):

(1)  In December 2022, the Company acquired the noncontrolling interest in IT'SUGAR II, LLC.