v3.25.2
Noncontrolling Interests
6 Months Ended
Jun. 30, 2025
Noncontrolling Interest [Abstract]  
Noncontrolling Interests Noncontrolling Interests
The noncontrolling interest represents the third party ownership interest in Income Opportunity Realty Investors, Inc. ("IOR"). Shares of IOR are listed on the NYSE American stock exchange under the symbol of IOR.
On December 16, 2024, we announced an offer ("Tender Offer") to purchase up to 100,000 shares of the outstanding common shares of IOR at a price of $18 per share, subject to certain conditions. The Tender Offer was completed on January 29, 2025, which resulted in our acquisition of 21,678 shares for a total cost of $454. In addition, we purchased an additional 32,161 common shares of IOR in the open market during the six months ended June 30, 2025 for a total cost of $571.
We owned approximately 84.5% and 83.2% of IOR at June 30, 2025 and December 31, 2024, respectively.