v3.25.4
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrance $ 267,100    
Land 111,347    
Buildings & Improvements 285,978    
Capitalized Cost Subsequent to Acquisition / Impairment 35,626    
Land, Buildings & Improvements Total 432,951    
Accumulated Depreciation and Amortization (87,581) $ (88,289) $ (78,784)
Income tax propose 439,569    
Reconciliation of real estate owned:      
Beginning balance 459,336 444,639 492,862
Acquisitions 0 0 0
Dispositions (31,587) (4,774) (52,587)
Additions 5,202 19,471 4,364
Ending balance 432,951 459,336 444,639
Reconciliation of accumulated depreciation:      
Beginning balance 88,289 78,784 83,169
Depreciation and amortization expense 10,752 10,655 5,973
Write off due to disposals (11,460) (1,150) (10,358)
Ending balance 87,581 88,289 $ 78,784
Gross intangible lease assets 47,539    
Below market lease, gross 17,883    
Mortgage loans payable, net 188,292 188,628  
Wells Fargo Bank | Revised Wells Fargo Line of Credit      
Reconciliation of accumulated depreciation:      
Wells Fargo/CIBC 78,300 75,514  
Mortgage Loans Payable      
Reconciliation of accumulated depreciation:      
Mortgage loans payable, net 188,292 $ 188,628  
Wallingford Plaza, Seattle, WA, Mixed-Use (Office over Retail)      
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrance 6,353    
Land 3,713    
Buildings & Improvements 9,015    
Capitalized Cost Subsequent to Acquisition / Impairment 712    
Land, Buildings & Improvements Total 13,440    
Accumulated Depreciation and Amortization (3,637)    
Reconciliation of accumulated depreciation:      
Ending balance 3,637    
Wallingford Plaza, Seattle, WA, Mixed-Use (Office over Retail) | Secured Debt | Transamerica Loan      
Reconciliation of accumulated depreciation:      
Mortgage loans payable, net $ 6,353    
Wallingford Plaza, Seattle, WA, Mixed-Use (Office over Retail) | Minimum      
Real Estate and Accumulated Depreciation [Line Items]      
Depreciable Lives 5 years    
Wallingford Plaza, Seattle, WA, Mixed-Use (Office over Retail) | Maximum      
Real Estate and Accumulated Depreciation [Line Items]      
Depreciable Lives 40 years    
Commerce Corner, Logan Township, NJ, Industrial      
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrance $ 51,560    
Land 3,397    
Buildings & Improvements 16,353    
Capitalized Cost Subsequent to Acquisition / Impairment 28,003    
Land, Buildings & Improvements Total 47,753    
Accumulated Depreciation and Amortization (7,305)    
Reconciliation of accumulated depreciation:      
Ending balance $ 7,305    
Commerce Corner, Logan Township, NJ, Industrial | Minimum      
Real Estate and Accumulated Depreciation [Line Items]      
Depreciable Lives 5 years    
Commerce Corner, Logan Township, NJ, Industrial | Maximum      
Real Estate and Accumulated Depreciation [Line Items]      
Depreciable Lives 40 years    
Shops at Terra Nova Plaza, Chula Vista, CA, Retail      
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrance $ 15,112    
Land 10,628    
Buildings & Improvements 11,222    
Capitalized Cost Subsequent to Acquisition / Impairment 1,139    
Land, Buildings & Improvements Total 22,989    
Accumulated Depreciation and Amortization (2,370)    
Reconciliation of accumulated depreciation:      
Ending balance $ 2,370    
Shops at Terra Nova Plaza, Chula Vista, CA, Retail | Minimum      
Real Estate and Accumulated Depreciation [Line Items]      
Depreciable Lives 5 years    
Shops at Terra Nova Plaza, Chula Vista, CA, Retail | Maximum      
Real Estate and Accumulated Depreciation [Line Items]      
Depreciable Lives 40 years    
The Flats at Carrs Hill, Athens, GA, University of GA Student Housing      
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrance $ 25,500    
Land 3,057    
Buildings & Improvements 23,856    
Capitalized Cost Subsequent to Acquisition / Impairment 3,297    
Land, Buildings & Improvements Total 30,211    
Accumulated Depreciation and Amortization (12,240)    
Reconciliation of accumulated depreciation:      
Ending balance 12,240    
The Flats at Carrs Hill, Athens, GA, University of GA Student Housing | Mortgage Loans Payable | Nationwide Bank      
Reconciliation of accumulated depreciation:      
Mortgage loans payable, net $ 25,500    
The Flats at Carrs Hill, Athens, GA, University of GA Student Housing | Minimum      
Real Estate and Accumulated Depreciation [Line Items]      
Depreciable Lives 5 years    
The Flats at Carrs Hill, Athens, GA, University of GA Student Housing | Maximum      
Real Estate and Accumulated Depreciation [Line Items]      
Depreciable Lives 27 years 6 months    
Loudoun Gateway I, Sterling, VA, Office      
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrance $ 11,628    
Land 2,042    
Buildings & Improvements 19,908    
Capitalized Cost Subsequent to Acquisition / Impairment 76    
Land, Buildings & Improvements Total 22,026    
Accumulated Depreciation and Amortization (14,068)    
Reconciliation of accumulated depreciation:      
Ending balance $ 14,068    
Loudoun Gateway I, Sterling, VA, Office | Minimum      
Real Estate and Accumulated Depreciation [Line Items]      
Depreciable Lives 5 years    
Loudoun Gateway I, Sterling, VA, Office | Maximum      
Real Estate and Accumulated Depreciation [Line Items]      
Depreciable Lives 40 years    
Elston Plaza, Chicago, IL, Retail      
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrance $ 16,107    
Land 17,767    
Buildings & Improvements 11,029    
Capitalized Cost Subsequent to Acquisition / Impairment 179    
Land, Buildings & Improvements Total 28,974    
Accumulated Depreciation and Amortization (3,717)    
Reconciliation of accumulated depreciation:      
Ending balance 3,717    
Elston Plaza, Chicago, IL, Retail | Secured Debt | State Farm Loan      
Reconciliation of accumulated depreciation:      
Mortgage loans payable, net $ 16,107    
Elston Plaza, Chicago, IL, Retail | Minimum      
Real Estate and Accumulated Depreciation [Line Items]      
Depreciable Lives 5 years    
Elston Plaza, Chicago, IL, Retail | Maximum      
Real Estate and Accumulated Depreciation [Line Items]      
Depreciable Lives 40 years    
Providence Square, Marietta, GA, Retail      
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrance $ 29,700    
Land 9,742    
Buildings & Improvements 45,319    
Capitalized Cost Subsequent to Acquisition / Impairment 462    
Land, Buildings & Improvements Total 55,523    
Accumulated Depreciation and Amortization (14,086)    
Reconciliation of accumulated depreciation:      
Ending balance 14,086    
Providence Square, Marietta, GA, Retail | Secured Debt | Nationwide Life Insurance Company      
Reconciliation of accumulated depreciation:      
Mortgage loans payable, net $ 29,700    
Providence Square, Marietta, GA, Retail | Minimum      
Real Estate and Accumulated Depreciation [Line Items]      
Depreciable Lives 5 years    
Providence Square, Marietta, GA, Retail | Maximum      
Real Estate and Accumulated Depreciation [Line Items]      
Depreciable Lives 40 years    
Seattle East Industrial, Redmond, WA, Industrial      
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrance $ 45,140    
Land 50,692    
Buildings & Improvements 30,946    
Capitalized Cost Subsequent to Acquisition / Impairment 0    
Land, Buildings & Improvements Total 81,638    
Accumulated Depreciation and Amortization (7,455)    
Reconciliation of accumulated depreciation:      
Ending balance 7,455    
Seattle East Industrial, Redmond, WA, Industrial | Secured Debt | JPMorgan Chase Loan      
Reconciliation of accumulated depreciation:      
Mortgage loans payable, net $ 45,140    
Seattle East Industrial, Redmond, WA, Industrial | Minimum      
Real Estate and Accumulated Depreciation [Line Items]      
Depreciable Lives 5 years    
Seattle East Industrial, Redmond, WA, Industrial | Maximum      
Real Estate and Accumulated Depreciation [Line Items]      
Depreciable Lives 40 years    
The Glenn, Centennial, CO, Residential      
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrance $ 66,000    
Land 10,309    
Buildings & Improvements 118,330    
Capitalized Cost Subsequent to Acquisition / Impairment 1,758    
Land, Buildings & Improvements Total 130,397    
Accumulated Depreciation and Amortization (22,703)    
Reconciliation of accumulated depreciation:      
Ending balance 22,703    
The Glenn, Centennial, CO, Residential | Secured Debt | Massachusetts Mutual Life Insurance Company      
Reconciliation of accumulated depreciation:      
Mortgage loans payable, net $ 66,000    
The Glenn, Centennial, CO, Residential | Minimum      
Real Estate and Accumulated Depreciation [Line Items]      
Depreciable Lives 5 years    
The Glenn, Centennial, CO, Residential | Maximum      
Real Estate and Accumulated Depreciation [Line Items]      
Depreciable Lives 27 years 6 months