Quarterly report [Sections 13 or 15(d)]

REVENUE - Schedule of Disaggregation of Revenue (Details)

v3.25.2
REVENUE - Schedule of Disaggregation of Revenue (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Disaggregation of Revenue [Line Items]        
Revenue $ 96,539 $ 104,760 $ 192,844 $ 207,549
Fund management fees        
Disaggregation of Revenue [Line Items]        
Revenue 58,465 61,453 117,773 122,558
Property management and leasing fees        
Disaggregation of Revenue [Line Items]        
Revenue 16,693 17,763 33,686 37,700
Construction management fees        
Disaggregation of Revenue [Line Items]        
Revenue 1,705 1,814 2,994 3,511
Transaction fees        
Disaggregation of Revenue [Line Items]        
Revenue 4,816 6,404 8,009 13,204
Funds | Fund management fees        
Disaggregation of Revenue [Line Items]        
Revenue 56,875 59,451 114,495 118,398
Joint ventures and separately managed accounts | Fund management fees        
Disaggregation of Revenue [Line Items]        
Revenue 1,590 2,002 3,278 4,160
Multifamily | Property management and leasing fees        
Disaggregation of Revenue [Line Items]        
Revenue 8,122 7,785 16,077 15,274
Multifamily | Construction management fees        
Disaggregation of Revenue [Line Items]        
Revenue 1,322 1,462 2,320 2,558
Seniors Housing | Property management and leasing fees        
Disaggregation of Revenue [Line Items]        
Revenue 5,004 5,674 10,269 11,494
Seniors Housing | Construction management fees        
Disaggregation of Revenue [Line Items]        
Revenue 154 207 280 421
Office | Property management and leasing fees        
Disaggregation of Revenue [Line Items]        
Revenue 1,201 1,691 2,583 5,747
Office | Construction management fees        
Disaggregation of Revenue [Line Items]        
Revenue 0 39 57 378
Single-Family Rental | Property management and leasing fees        
Disaggregation of Revenue [Line Items]        
Revenue 2,366 2,613 4,757 5,185
Other | Construction management fees        
Disaggregation of Revenue [Line Items]        
Revenue 229 106 337 154
Acquisition fees | Transaction fees        
Disaggregation of Revenue [Line Items]        
Revenue 2,540 4,075 4,534 9,796
Brokerage fees | Transaction fees        
Disaggregation of Revenue [Line Items]        
Revenue $ 2,276 $ 2,329 $ 3,475 $ 3,408