v3.25.4
SEGMENT INFORMATION (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
USD ($)
segment
Dec. 31, 2024
USD ($)
segment
Dec. 31, 2023
USD ($)
segment
Additional Disclosure [Abstract]      
Number of reportable segments | segment 2 3 3
Segment Reporting, Asset Reconciling Item [Abstract]      
Carrying value of real estate assets, net $ 352,388 $ 378,531  
Investment in marketable securities 123 122  
Deferred leasing costs 2,036 1,870  
Prepaid and other assets 2,859 2,444  
Total assets 372,476 397,986  
Segment Reporting Information, Operating Income (Loss) [Abstract]      
Property related income 40,106 38,771 $ 41,904
Investment income on marketable securities 5 4 46
Total revenues 40,236 38,928 41,950
Total revenues 40,111 38,775  
Property operating expenses (12,272) (12,146) (12,728)
Administration expenses (22) (22) (27)
Provision for impairment of real estate 0 (2,201) 0
Net realized gain upon sale of real estate 22,424 4,256 17,980
Net realized gain upon sale of marketable securities 2 9 3,476
Loss on extinguishment of debt 0 0 (131)
Net realized gain upon sale of investment in CMBS Trust 0 2,321 0
Net unrealized change in fair value of investment in marketable securities (5) 0 (1,279)
Change in net assets of consolidated CMBS trust   (1,474) 2,598
Operating income 34,029 12,797 31,323
Reconciliation to net income (loss)      
General and administrative expenses (2,299) (2,465) (2,400)
Interest Income 125 153 0
Advisory expenses (2,257) (2,565) (3,099)
Depreciation (9,913) (9,627) (10,844)
Amortization (1,887) (2,239) (4,200)
Operating income 34,029 12,797 31,323
Interest expense (13,484) (12,868) (12,177)
Net income (loss) 20,545 (71) 19,146
Reportable segments      
Segment Reporting, Asset Reconciling Item [Abstract]      
Investments 352,511 378,653  
Receivables 7,810 6,490  
Deferred leasing costs 2,036 1,870  
Prepaid and other assets 1,592 1,196  
Total assets 363,949 388,209  
Segment Reporting Information, Operating Income (Loss) [Abstract]      
Operating income 50,238 29,518 51,839
Reconciliation to net income (loss)      
Operating income 50,238 29,518 51,839
Reportable segments | Real Estate Properties      
Segment Reporting, Asset Reconciling Item [Abstract]      
Carrying value of real estate assets, net 352,388 378,531  
Receivables 7,810 6,490  
Deferred leasing costs 2,036 1,870  
Prepaid and other assets 1,592 1,196  
Total assets 363,826 388,087  
Segment Reporting Information, Operating Income (Loss) [Abstract]      
Property related income 40,106 38,771 41,904
Investment income on marketable securities 0 0 0
Total revenues     41,904
Total revenues 40,106 38,771  
Property operating expenses (12,272) (12,146) (12,728)
Administration expenses 0    
Provision for impairment of real estate   (2,201)  
Net realized gain upon sale of real estate 22,424 4,256 17,980
Loss on extinguishment of debt     (131)
Operating income 50,258 28,680 47,025
Reconciliation to net income (loss)      
Operating income 50,258 28,680 47,025
Reportable segments | Real Estate Equity Securities      
Segment Reporting, Asset Reconciling Item [Abstract]      
Investment in marketable securities 123 122  
Receivables 0 0  
Total assets 123 122  
Segment Reporting Information, Operating Income (Loss) [Abstract]      
Property related income 0 0 0
Investment income on marketable securities 5 4 46
Total revenues     46
Total revenues 5 4  
Property operating expenses 0    
Administration expenses (22) (22) (27)
Net realized gain upon sale of marketable securities 2 9 3,476
Net unrealized change in fair value of investment in marketable securities (5)   (1,279)
Operating income (20) (9) 2,216
Reconciliation to net income (loss)      
Operating income (20) (9) 2,216
Reportable segments | Real Estate Loans      
Segment Reporting, Asset Reconciling Item [Abstract]      
Debt Securities 0 0  
Receivables 0 0  
Total assets 0 0  
Segment Reporting Information, Operating Income (Loss) [Abstract]      
Property operating expenses 0    
Administration expenses 0    
Net realized gain upon sale of investment in CMBS Trust   2,321  
Change in net assets of consolidated CMBS trust   (1,474) 2,598
Operating income 0 847 2,598
Reconciliation to net income (loss)      
Operating income 0 847 2,598
Other assets      
Segment Reporting, Asset Reconciling Item [Abstract]      
Total assets 8,527 9,777  
Reconciling items      
Reconciliation to net income (loss)      
General and administrative expenses (2,277) (2,443) (2,373)
Interest Income 125 153 0
Advisory expenses (2,257) (2,565) (3,099)
Depreciation (9,913) (9,627) (10,844)
Amortization $ (1,887) $ (2,239) $ (4,200)