v3.25.2
RELATED PARTY TRANSACTIONS - Advisory Agreement and Other (Details)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
USD ($)
shares
Jun. 30, 2024
USD ($)
shares
Jun. 30, 2025
USD ($)
employee
shares
Jun. 30, 2024
USD ($)
shares
Dec. 31, 2024
USD ($)
Related Party Transactions          
Number of paid employees | employee     0    
Rental Income $ 39,578 $ 36,569 $ 78,475 $ 71,331  
Notes Payable, Related Party [Extensible Enumeration] Related Party [Member]   Related Party [Member]   Related Party [Member]
Sterling Office and Industrial Properties, LLLP          
Related Party Transactions          
Outstanding principal on loans $ 0   $ 0   $ 0
Interest expense incurred 25   135    
Accrued interest 24   24    
GOLDMARK Property Management          
Related Party Transactions          
Real estate commissions 0 39 0 39  
Real estate commissions outstanding 0   0   0
Rental Income $ 70 $ 69 $ 140 $ 138  
Affiliated Entities          
Related Party Transactions          
Number of operating partnership (OP) units issued in connection with the acquisition of various properties | shares 0   0    
Entity Affiliated With Messrs Regan and Wieland          
Related Party Transactions          
Number of operating partnership (OP) units issued in connection with the acquisition of various properties | shares   276,000   276,000  
Value of operating partnership (OP) units issued in connection with the acquisition of various properties $ 6,339 $ 6,339 $ 6,339 $ 6,339  
GOLDMARK Commercial Real Estate          
Related Party Transactions          
Real estate commissions 0 531 0 531  
Real estate commissions outstanding 0   0   0
Sterling Management, LLC          
Related Party Transactions          
Rental Income 34 34 68 67  
Bell Bank          
Related Party Transactions          
Rental Income 320 287 640 570  
Outstanding on principal loans 56,841   56,841   57,983
Interest expense incurred 589 571 1,160 1,152  
Accrued interest 128   128   135
Total premiums paid 65 0 65 76  
Outstanding liabilities 0   0   0
Trumont Group, LLC          
Related Party Transactions          
Development fees 0 0 0 0  
Development fees outstanding 0   0   0
Trumont Construction, LLC          
Related Party Transactions          
Construction fees   38   73  
Construction fees payable 0   0   0
General construction costs   126   210  
General construction costs payable 0   0   0
Advisory Agreement          
Related Party Transactions          
Advisory fees 1,133 997 2,257 1,940  
Acquisition fees   750   750  
Disposition fees   180   264  
Financing fees 18 96 31 96  
Development fees   350   350  
Project Management fees 42 257 423 374  
Advisory fees payable 4   4   5
Business Operations          
Related Party Transactions          
Costs and expenditures incurred due to construction in progress     126   160
Mezzanine Financing          
Related Party Transactions          
Aggregate amount of financing issued as of the end of the reporting period 7,821   7,821   $ 7,821
Interest income $ 143 $ 144 $ 285 $ 296