These steps have been critical to the company as they have provided proceeds to, first, significantly reduce our recourse debt through the retirement of our credit facility. Second, fund important growth initiatives, including lease up activity in our multifamily and office portfolios, as well as the renovation of our hotel.

Mar 9, 2026 / receipt, needs a key / Steve Altibrando, other | earnings call 2026-03-09 | transcript 0c048ad5-32ad-48c6-84df-44953a5427c8 | chars 7423-7749 | segment 7

Our segment net operating income was reduced by $400,000 to $11.7 million compared to $12.1 million in the prior year comparable period. By business segment, this change is broken out as a $1.9 million reduction in our lending segment NOI, partially offset by an increase in our hotel segment NOI of $1.3 million and around a $300,000 increase in our office segment NOI.

Mar 31, 2023 / receipt, needs a key / Barry Berlin, Chief Financial Officer | earnings call 2023-03-31 | transcript acb6c2a9-a355-4438-90e6-a5ab26bb0640 | chars 10237-10607 | segment 10

Our segment operations NOI was reduced to $10.1 million compared to $13.3 million in the prior year comparable period. This quarter-over-quarter change is broken out as a $3.7 million reduction in our lending segment NOI, a million-dollar reduction in our office segment NOI, being partially offset by the positive trend in our hotel segment NOI by $1.5 million.

Nov 15, 2022 / receipt, needs a key / Barry Berlin, CFO | earnings call 2022-11-15 | transcript 819f2274-b241-4955-b026-ed09398a3f50 | chars 11259-11621 | segment 11