March 31, 2025

December 31, 2024

Carrying

Estimated

Carrying

Estimated

Value

Value

Value

Value

Financial assets:

Cash and cash equivalents

$

27,540

$

27,540

$

29,380

$

29,380

Restricted cash

315

315

143

143

Rent and other receivables

2,069

2,069

1,285

1,285

Financial liabilities:

Dividends payable

12,946

12,946

1,601

1,601

Accounts payable and accrued expenses

5,542

5,542

5,800

5,800

Secured revolving credit facility

18,400

18,400

18,400

18,400

Mortgage notes payable

486,014

465,326

486,822

455,082