Annual report [Section 13 and 15(d), not S-K Item 405]

REVENUE (Tables)

v3.25.0.1
REVENUE (Tables)
12 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue The following tables present revenues disaggregated by significant product offerings, which align with the Company’s performance obligations and the basis for calculating each amount for the years ended December 31, 2024, 2023, and 2022 (in thousands):
Year Ended December 31,
FUND MANAGEMENT FEES 2024 2023 2022
Funds $ 238,086  $ 224,625  $ 214,816 
Joint ventures and separately managed accounts 7,839  5,947  6,768 
Total fund management fees $ 245,925  $ 230,572  $ 221,584 
Year Ended December 31,
PROPERTY MANAGEMENT AND LEASING FEES 2024 2023 2022
Multifamily $ 30,927  $ 28,053  $ 24,680 
Seniors Housing 22,756  26,264  27,808 
Office 8,872  13,492  15,014 
Single-Family Rental 10,018  9,895  8,708 
Total property management and leasing fees $ 72,573  $ 77,704  $ 76,210 
Year Ended December 31,
CONSTRUCTION MANAGEMENT FEES 2024 2023 2022
Multifamily $ 5,307  $ 7,568  $ 8,138 
Office 641  2,949  2,157 
Seniors Housing 952  695  364 
Other 608  395  314 
Total construction management fees $ 7,508  $ 11,607  $ 10,973 
Year Ended December 31,
TRANSACTION FEES 2024 2023 2022
Acquisition fees $ 17,909  $ 11,274  $ 41,833 
Brokerage fees 9,598  9,192  14,372 
Total transaction fees $ 27,507  $ 20,466  $ 56,205