|12 Months Ended
Dec. 31, 2022
|Equity Method Investments and Joint Ventures [Abstract]
|Summary of Company's Investment
|The Company’s investments are summarized below (in thousands):
(1)Represents various investment accounts held by Bridge GP’s for carried interest in Bridge-sponsored funds. There is a disproportionate allocation of returns to the Company as general partner or equivalent based on the extent to which cumulative performance of the fund exceeds minimum return hurdles. Investment is valued using NAV of the respective vehicle, which are based on asset valuations one quarter in arrears.
(2)Partnership interests in Company-sponsored funds are valued using NAV of the respective vehicle.
(3)Investments in limited partnership interests in third-party private property technology (“PropTech”) venture capital firms are valued using NAV of the respective vehicle.(4)Other investments are accounted for using the measurement alternative to measure at cost adjusted for any impairment and observable price changes.
Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef