Segment Reporting - Schedule of Segment Revenue (Details) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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| Segment Reporting Information [Line Items] | ||||
| Revenues | $ 7,455,000 | $ 8,611,000 | $ 14,870,000 | $ 17,376,000 |
| Real estate and other property-related taxes | 1,108,000 | 1,429,000 | 2,248,000 | 2,816,000 |
| Total expenses | 5,350,000 | 6,226,000 | 11,038,000 | 12,491,000 |
| Corporate general and administrative | (833,000) | (652,000) | (1,486,000) | (1,264,000) |
| Depreciation and amortization | (1,990,000) | (2,323,000) | (3,966,000) | (4,215,000) |
| (Loss) gain on sales | 0 | (55,000) | 2,422,000 | (55,000) |
| OPERATING INCOME | 2,105,000 | 2,330,000 | 6,254,000 | 4,830,000 |
| Reportable Segment | ||||
| Segment Reporting Information [Line Items] | ||||
| Revenues | 7,455,000 | 8,611,000 | 14,870,000 | 17,376,000 |
| Real estate and other property-related taxes | 1,108,000 | 1,429,000 | 2,248,000 | 2,816,000 |
| Insurance | 225,000 | 260,000 | 452,000 | 516,000 |
| Property operating expenses | 1,194,000 | 1,562,000 | 2,886,000 | 3,680,000 |
| Total expenses | 2,527,000 | 3,251,000 | 5,586,000 | 7,012,000 |
| Net operating income | 4,928,000 | 5,360,000 | 9,284,000 | 10,364,000 |
| Corporate general and administrative | (833,000) | (652,000) | (1,486,000) | (1,264,000) |
| Depreciation and amortization | (1,990,000) | (2,323,000) | (3,966,000) | (4,215,000) |
| (Loss) gain on sales | 0 | (55,000) | 2,422,000 | (55,000) |
| OPERATING INCOME | $ 2,105,000 | $ 2,330,000 | $ 6,254,000 | $ 4,830,000 |
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- Definition Net Operating Income No definition available.
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- Definition Property Operating Expenses No definition available.
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The difference between the carrying value and the sale price of real estate or properties that were intended to be sold or held for capital appreciation or rental income. This element refers to the gain (loss) included in earnings and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The expense in the period incurred with respect to protection provided by insurance entities against risks other than risks associated with production (which are allocated to cost of sales). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition A tax based on the assessed value of real estate by the local government. The tax is usually based on the value of property (including the land). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Details
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