v3.25.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2025
Accounting Policies [Abstract]  
Reconciliation of cash, cash equivalents and restricted cash

The following table provides a reconciliation of cash, cash equivalents and restricted cash on the consolidated balance sheets to the total amount shown on the consolidated statements of cash flows (in thousands):

 

 

 

June 30,

 

 

 

2025

 

 

2024

 

Cash and cash equivalents

 

$

42,747

 

 

$

89,622

 

Restricted cash

 

 

2,103

 

 

 

1,971

 

Total cash, cash equivalents and restricted cash shown on the Company’s consolidated statements of cash flows

 

$

44,850

 

 

$

91,593

 

Schedule of Investments in Real Estate and Amortizes Intangible Assets Over The Estimated Useful Lives of Assets

The Company depreciates investments in real estate and amortizes related intangible assets over the estimated useful lives of the assets as follows:

 

Category

 

Term

Building

 

35 to 40 years

Building improvements

 

1 to 39 years

Site improvements

 

10 years

Tenant improvements

 

Shorter of lease term or expected useful life

Furniture, fixtures and equipment

 

1 to 12 years

Right of use assets

 

3 to 99 years

Intangible assets

 

3 months to 18 years

Lease liabilities

 

Shorter of lease term or expected useful life