v3.25.2
FAIR VALUE MEASUREMENT (Tables)
6 Months Ended
Jun. 30, 2025
FAIR VALUE MEASUREMENT  
Schedule of carrying value and estimated fair value of the Company's financial instruments

June 30, 2025

December 31, 2024

Carrying

Carrying

    

Value

    

Fair Value

    

Value

    

Fair Value

(in thousands)

Financial assets:

Notes receivable

$

4,805

$

4,668

$

1,539

$

1,534

Notes receivable, affiliates

$

7,868

$

7,737

$

7,945

$

7,559

Derivative assets

$

9,979

$

9,979

$

14,449

$

14,449

Financial liabilities:

Lines of Credit

$

24,166

$

24,166

$

4,992

$

4,992

Mortgage notes payable

$

501,056

$

470,619

$

508,644

$

483,630

Mortgage notes payable, affiliates

$

56,841

$

54,976

$

57,983

$

55,594

Schedule of fair value on a recurring basis

    

Level 1

    

Level 2

    

Level 3

    

Total

(in thousands)

June 30, 2025

Derivative assets

$

$

9,979

$

$

9,979

December 31, 2024

Derivative assets

$

$

14,449

$

$

14,449

Schedule of fair value of Company's financial assets and liabilities

    

Level 1

    

Level 2

    

Level 3

    

Total

(in thousands)

June 30, 2025

Lines of Credit

$

$

$

24,166

$

24,166

Mortgage notes payable

$

$

$

470,619

$

470,619

Mortgage notes payable, affiliate

$

$

$

54,976

$

54,976

Notes receivable

$

$

$

4,668

$

4,668

Notes receivable, affiliate

$

$

$

7,737

$

7,737

December 31, 2024

Lines of Credit

$

$

$

4,992

$

4,992

Mortgage notes payable

$

$

$

483,630

$

483,630

Mortgage notes payable, affiliate

$

$

$

55,594

$

55,594

Notes receivable

$

$

$

1,534

$

1,534

Notes receivable, affiliate

$

$

$

7,559

$

7,559