The following table contains information regarding the geographic concentration of the properties in the Company’s portfolio as of March 31, 2025, which includes rental income for the three months ended March 31, 2025 and 2024.


(dollars in thousands)	Number of Properties	Gross Real Estate Assets (1)		Percentage of Total Real Estate Assets			Rental income for the three months ended March 31,
Location	March 31, 2025	March 31, 2025		March 31, 2025			2025		2024
Maryland	6	$	102,898		27.4	%	$	3,617	$	3,074
Virginia	5		199,655		53.1	%		3,979		3,965
Washington D.C.	1		8,380		2.2	%		131		183
Colorado	3		65,016		17.3	%		2,115		2,289
	15	$	375,949		100.0	%	$	9,842	$	9,511

(1)

Represents total costs before accounting for any depreciation or amortization expenses.