v3.25.2
INVESTMENT IN UNCONSOLIDATED AFFILIATES - Summary of financial position (Details) - USD ($)
$ in Thousands
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
ASSETS            
Real estate investments $ 1,107,178   $ 1,095,415      
Accumulated depreciation (249,861)   (237,416)      
Real estate investments, net 857,317   857,999      
Cash and cash equivalents 5,687   4,798 $ 6,218    
Restricted deposits 10,601   10,127 14,867    
Other assets, net 23,662   24,416      
Total Assets 939,954   937,772      
LIABILITIES            
Tenant security deposits payable 8,797   8,291      
Accrued expenses and other liabilities 22,835   21,470      
Total Liabilities 621,678   608,834      
SHAREHOLDERS' EQUITY            
Total Shareholders' Equity 318,276 $ 322,646 328,938 $ 308,288 $ 300,106 $ 301,320
Total liabilities and shareholders' equity 939,954   937,772      
Unconsolidated affiliates            
ASSETS            
Real estate investments 311,129   305,398      
Accumulated depreciation (45,186)   (38,078)      
Real estate investments, net 265,943   267,320      
Cash and cash equivalents 5,530   4,147      
Restricted deposits 1,211   1,263      
Financing and lease costs, net 753   796      
Other assets, net 1,273   1,025      
Total Assets 274,710   274,551      
LIABILITIES            
Mortgage notes payable, net 222,331   221,819      
Tenant security deposits payable 516   487      
Accrued expenses and other liabilities 5,292   5,501      
Total Liabilities 228,139   227,807      
SHAREHOLDERS' EQUITY            
Total Shareholders' Equity 46,571   46,744      
Total liabilities and shareholders' equity $ 274,710   $ 274,551