Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Investments in and Advances to Consolidated and Unconsolidated Variable Interest Entities - Variable Interest Entities (Details)

v3.23.2
Note 7 - Investments in and Advances to Consolidated and Unconsolidated Variable Interest Entities - Variable Interest Entities (Details) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Real Estate Investments $ 61,189 $ 49,415
Altis Grand Central [Member]    
Real Estate Investments $ 687 $ 687
Ownership [1] 1.49% 1.49%
Altis Ludlam Trail [Member]    
Real Estate Investments [2] $ 20,574 $ 12,216
Ownership [1],[2] 48.13% 33.30%
Altis Lake Willis Phase 1 [Member]    
Real Estate Investments $ 6,750 $ 850
Ownership [1] 1.68% 1.23%
Altis Lake Willis Phase 2 [Member]    
Real Estate Investments $ 3,024 $ 601
Ownership [1] 5.10% 3.50%
Altis Grand at Suncoast [Member]    
Real Estate Investments $ 12,190 $ 4,579
Ownership [1] 12.31% 11.00%
Altis Blue Lake [Member]    
Real Estate Investments $ 4,150 $ 647
Ownership [1] 1.68% 1.22%
Altis Santa Barbara [Member]    
Real Estate Investments $ 6,035 $ 433
Ownership [1] 5.10% 3.50%
Altra Kendal [Member]    
Real Estate Investments [3] $ 0 $ 5,670
Ownership [1],[3] 0.00% 13.70%
Altis Twin Lakes [Member]    
Real Estate Investments $ 3,579 $ 0
Ownership [1] 11.39%
The Altman Companies [Member]    
Real Estate Investments [3] $ 0 $ 11,992
Ownership [1],[3] 0.00% 50.00%
ABBX Guaranty, LLC [Member}    
Real Estate Investments [3] $ 0 $ 5,978
Ownership [1],[3] 0.00% 50.00%
Marbella [Member]    
Real Estate Investments $ 1,047 $ 1,064
Ownership [1] 70.00% 70.00%
The Main Las Olas [Member]    
Real Estate Investments $ 785 $ 1,117
Ownership [1] 3.41% 3.41%
Sky Cove [Member]    
Real Estate Investments $ 116 $ 24
Ownership [1] 26.25% 26.25%
Sky Cove South [Member]    
Real Estate Investments $ 1,878 $ 3,241
Ownership [1] 26.25% 26.25%
Other Investments in Real Estate Joint Ventures [Member]    
Real Estate Investments $ 374 $ 316
[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] The carrying value of BBXRE’s investment at June 30, 2023 and December 31, 2022 includes $12.3 million and $11.6 million, respectively, related to BBXRE’s investment in the preferred equity associated with the Altis Ludlam Trail project, which is accounted for as a loan receivable.
[3] The entities are consolidated in the Company's financial statements as of January 31, 2023.