| 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 three months ended March 31, 2025 and 2024 (in thousands):
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Three Months Ended March 31, |
| FUND MANAGEMENT FEES |
|
|
|
|
2025 |
|
2024 |
| Funds |
|
|
|
|
$ |
57,620 |
|
|
$ |
58,947 |
|
| Joint ventures and separately managed accounts |
|
|
|
|
1,688 |
|
|
2,158 |
|
| Total fund management fees |
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|
|
|
$ |
59,308 |
|
|
$ |
61,105 |
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|
|
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|
Three Months Ended March 31, |
| PROPERTY MANAGEMENT AND LEASING FEES |
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|
|
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2025 |
|
2024 |
| Multifamily |
|
|
|
|
$ |
7,955 |
|
|
$ |
7,489 |
|
| Seniors Housing |
|
|
|
|
5,256 |
|
|
5,820 |
|
| Office |
|
|
|
|
1,382 |
|
|
4,056 |
|
| Single-Family Rental |
|
|
|
|
2,391 |
|
|
2,572 |
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| Total property management and leasing fees |
|
|
|
|
$ |
16,984 |
|
|
$ |
19,937 |
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|
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|
Three Months Ended March 31, |
| CONSTRUCTION MANAGEMENT FEES |
|
|
|
|
2025 |
|
2024 |
| Multifamily |
|
|
|
|
$ |
998 |
|
|
$ |
1,096 |
|
| Office |
|
|
|
|
61 |
|
|
339 |
|
| Seniors Housing |
|
|
|
|
126 |
|
|
214 |
|
| Other |
|
|
|
|
104 |
|
|
48 |
|
| Total construction management fees |
|
|
|
|
$ |
1,289 |
|
|
$ |
1,697 |
|
|
|
|
|
|
|
|
|
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|
Three Months Ended March 31, |
| TRANSACTION FEES |
|
|
|
|
2025 |
|
2024 |
| Acquisition fees |
|
|
|
|
$ |
1,994 |
|
|
$ |
5,721 |
|
| Brokerage fees |
|
|
|
|
1,199 |
|
|
1,079 |
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| Total transaction fees |
|
|
|
|
$ |
3,193 |
|
|
$ |
6,800 |
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