Quarterly report [Sections 13 or 15(d)]

NOTES RECEIVABLE FROM AFFILIATES (Tables)

v3.25.1
NOTES RECEIVABLE FROM AFFILIATES (Tables)
 3 Months Ended
Mar. 31, 2025
Related Party Transactions [Abstract]  
Schedule of Notes Receivable from Affiliates
As of March 31, 2025 and December 31, 2024, the Company had the following notes receivable from affiliates outstanding (in thousands):
March 31, 2025 December 31, 2024
Bridge Office Fund II(1)
$ 18,375  $ 15,800 
Bridge Office Holdings LLC 15,000  15,000 
Bridge Single-Family Rental Fund IV 6,754  4,924 
Bridge Seniors Housing Fund III(2)
2,350  — 
Bridge Workforce and Affordable Housing Fund III LP —  200 
Total notes receivable from affiliates $ 42,479  $ 35,924 
Notes receivable from employees 5,224  5,954 
Total notes receivable from affiliates $ 47,703  $ 41,878 
(1)     In April 2025, Bridge Office Fund II repaid $5.0 million of the outstanding balance on its note receivable.
(2)     In April 2025, Bridge Seniors Housing Fund III repaid the outstanding balance.