Schedule III Real Estate and Accumulated Depreciation (Details) - USD ($)
$ in Thousands |
12 Months Ended |
Dec. 31, 2025 |
Dec. 31, 2024 |
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
| Encumbrance |
$ 122,904
|
|
| Initial Cost, Land |
85,209
|
|
| Initial Cost, Buildings and Improvements |
241,849
|
|
| Adjustments to Land Basis |
(1,417)
|
|
| Adjustments to Building Basis |
56,996
|
|
| Gross amount at which carried at end of period, Land and Improvements |
83,792
|
|
| Gross amount at which carried at end of period, Buildings and Improvements |
298,845
|
|
| Gross amount at which carried at end of period, Total |
382,637
|
$ 372,918
|
| Accumulated Depreciation |
98,361
|
87,211
|
| Notes to Schedule III |
|
|
| Cost of real estate owned |
474,934
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward] |
|
|
| Beginning balance |
372,918
|
385,368
|
| Acquisitions and capital improvements |
9,867
|
11,842
|
| Dispositions and write-offs |
(148)
|
(24,292)
|
| Ending balance |
382,637
|
372,918
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward] |
|
|
| Beginning balance |
87,211
|
87,216
|
| Depreciation expense |
11,150
|
11,036
|
| Dispositions and write-offs |
0
|
(11,041)
|
| Ending balance |
$ 98,361
|
$ 87,211
|
| Buildings and improvements |
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward] |
|
|
| Investment in real estate and accumulated depreciation, life used for depreciation |
30 years
|
|
| Furniture, fixtures, & equipment and site improvements | Minimum |
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward] |
|
|
| Investment in real estate and accumulated depreciation, life used for depreciation |
5 years
|
|
| Furniture, fixtures, & equipment and site improvements | Maximum |
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward] |
|
|
| Investment in real estate and accumulated depreciation, life used for depreciation |
15 years
|
|
| Multifamily | 1620 Central Street Evanston, IL | Evanston, Illinois |
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
| Encumbrance |
$ 0
|
|
| Initial Cost, Land |
3,075
|
|
| Initial Cost, Buildings and Improvements |
17,140
|
|
| Adjustments to Land Basis |
0
|
|
| Adjustments to Building Basis |
197
|
|
| Gross amount at which carried at end of period, Land and Improvements |
3,075
|
|
| Gross amount at which carried at end of period, Buildings and Improvements |
17,337
|
|
| Gross amount at which carried at end of period, Total |
20,412
|
|
| Accumulated Depreciation |
4,641
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward] |
|
|
| Ending balance |
20,412
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward] |
|
|
| Ending balance |
4,641
|
|
| Multifamily | Buerger Brothers Lofts Denver, CO | Denver, Colorado |
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
| Encumbrance |
0
|
|
| Initial Cost, Land |
3,117
|
|
| Initial Cost, Buildings and Improvements |
7,114
|
|
| Adjustments to Land Basis |
0
|
|
| Adjustments to Building Basis |
931
|
|
| Gross amount at which carried at end of period, Land and Improvements |
3,117
|
|
| Gross amount at which carried at end of period, Buildings and Improvements |
8,045
|
|
| Gross amount at which carried at end of period, Total |
11,162
|
|
| Accumulated Depreciation |
2,396
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward] |
|
|
| Ending balance |
11,162
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward] |
|
|
| Ending balance |
2,396
|
|
| Multifamily | Chamber Lofts Denver, CO | Denver, Colorado |
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
| Encumbrance |
0
|
|
| Initial Cost, Land |
2,797
|
|
| Initial Cost, Buildings and Improvements |
6,388
|
|
| Adjustments to Land Basis |
0
|
|
| Adjustments to Building Basis |
747
|
|
| Gross amount at which carried at end of period, Land and Improvements |
2,797
|
|
| Gross amount at which carried at end of period, Buildings and Improvements |
7,135
|
|
| Gross amount at which carried at end of period, Total |
9,932
|
|
| Accumulated Depreciation |
2,125
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward] |
|
|
| Ending balance |
9,932
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward] |
|
|
| Ending balance |
2,125
|
|
| Multifamily | Kenilworth Court Denver, CO | Denver, Colorado |
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
| Encumbrance |
3,784
|
|
| Initial Cost, Land |
2,496
|
|
| Initial Cost, Buildings and Improvements |
3,203
|
|
| Adjustments to Land Basis |
0
|
|
| Adjustments to Building Basis |
69
|
|
| Gross amount at which carried at end of period, Land and Improvements |
2,496
|
|
| Gross amount at which carried at end of period, Buildings and Improvements |
3,272
|
|
| Gross amount at which carried at end of period, Total |
5,768
|
|
| Accumulated Depreciation |
849
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward] |
|
|
| Ending balance |
5,768
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward] |
|
|
| Ending balance |
849
|
|
| Multifamily | Tennyson Denver, CO | Denver, Colorado |
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
| Encumbrance |
10,250
|
|
| Initial Cost, Land |
1,533
|
|
| Initial Cost, Buildings and Improvements |
17,410
|
|
| Adjustments to Land Basis |
0
|
|
| Adjustments to Building Basis |
113
|
|
| Gross amount at which carried at end of period, Land and Improvements |
1,533
|
|
| Gross amount at which carried at end of period, Buildings and Improvements |
17,523
|
|
| Gross amount at which carried at end of period, Total |
19,056
|
|
| Accumulated Depreciation |
4,116
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward] |
|
|
| Ending balance |
19,056
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward] |
|
|
| Ending balance |
4,116
|
|
| Multifamily | The Detroit And Detroit Terraces | Evanston, Illinois |
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
| Encumbrance |
10,784
|
|
| Initial Cost, Land |
3,370
|
|
| Initial Cost, Buildings and Improvements |
15,006
|
|
| Adjustments to Land Basis |
0
|
|
| Adjustments to Building Basis |
184
|
|
| Gross amount at which carried at end of period, Land and Improvements |
3,370
|
|
| Gross amount at which carried at end of period, Buildings and Improvements |
15,190
|
|
| Gross amount at which carried at end of period, Total |
18,560
|
|
| Accumulated Depreciation |
3,792
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward] |
|
|
| Ending balance |
18,560
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward] |
|
|
| Ending balance |
3,792
|
|
| Multifamily | The Lafayette Denver, CO | Denver, Colorado |
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
| Encumbrance |
5,481
|
|
| Initial Cost, Land |
2,457
|
|
| Initial Cost, Buildings and Improvements |
7,067
|
|
| Adjustments to Land Basis |
0
|
|
| Adjustments to Building Basis |
256
|
|
| Gross amount at which carried at end of period, Land and Improvements |
2,457
|
|
| Gross amount at which carried at end of period, Buildings and Improvements |
7,323
|
|
| Gross amount at which carried at end of period, Total |
9,780
|
|
| Accumulated Depreciation |
1,998
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward] |
|
|
| Ending balance |
9,780
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward] |
|
|
| Ending balance |
1,998
|
|
| Multifamily | The Locale Allendale, MI | Allendale MI |
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
| Encumbrance |
17,700
|
|
| Initial Cost, Land |
4,294
|
|
| Initial Cost, Buildings and Improvements |
22,461
|
|
| Adjustments to Land Basis |
0
|
|
| Adjustments to Building Basis |
1,052
|
|
| Gross amount at which carried at end of period, Land and Improvements |
4,294
|
|
| Gross amount at which carried at end of period, Buildings and Improvements |
23,513
|
|
| Gross amount at which carried at end of period, Total |
27,807
|
|
| Accumulated Depreciation |
6,422
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward] |
|
|
| Ending balance |
27,807
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward] |
|
|
| Ending balance |
6,422
|
|
| Multifamily | The Muse Denver, CO | Denver, Colorado |
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
| Encumbrance |
19,496
|
|
| Initial Cost, Land |
5,303
|
|
| Initial Cost, Buildings and Improvements |
42,809
|
|
| Adjustments to Land Basis |
0
|
|
| Adjustments to Building Basis |
265
|
|
| Gross amount at which carried at end of period, Land and Improvements |
5,303
|
|
| Gross amount at which carried at end of period, Buildings and Improvements |
43,074
|
|
| Gross amount at which carried at end of period, Total |
48,377
|
|
| Accumulated Depreciation |
9,285
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward] |
|
|
| Ending balance |
48,377
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward] |
|
|
| Ending balance |
9,285
|
|
| Multifamily | The Sterling San Diego, CA | Sand Diego, California |
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
| Encumbrance |
0
|
|
| Initial Cost, Land |
1,849
|
|
| Initial Cost, Buildings and Improvements |
5,407
|
|
| Adjustments to Land Basis |
0
|
|
| Adjustments to Building Basis |
54
|
|
| Gross amount at which carried at end of period, Land and Improvements |
1,849
|
|
| Gross amount at which carried at end of period, Buildings and Improvements |
5,461
|
|
| Gross amount at which carried at end of period, Total |
7,310
|
|
| Accumulated Depreciation |
1,084
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward] |
|
|
| Ending balance |
7,310
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward] |
|
|
| Ending balance |
1,084
|
|
| Multifamily | The View San Diego, CA | Sand Diego, California |
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
| Encumbrance |
0
|
|
| Initial Cost, Land |
7,272
|
|
| Initial Cost, Buildings and Improvements |
8,862
|
|
| Adjustments to Land Basis |
0
|
|
| Adjustments to Building Basis |
697
|
|
| Gross amount at which carried at end of period, Land and Improvements |
7,272
|
|
| Gross amount at which carried at end of period, Buildings and Improvements |
9,559
|
|
| Gross amount at which carried at end of period, Total |
16,831
|
|
| Accumulated Depreciation |
2,463
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward] |
|
|
| Ending balance |
16,831
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward] |
|
|
| Ending balance |
2,463
|
|
| Multifamily | The Q Lofts | Denver, Colorado |
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
| Encumbrance |
12,762
|
|
| Initial Cost, Land |
8,856
|
|
| Initial Cost, Buildings and Improvements |
22,877
|
|
| Adjustments to Land Basis |
0
|
|
| Adjustments to Building Basis |
43
|
|
| Gross amount at which carried at end of period, Land and Improvements |
8,856
|
|
| Gross amount at which carried at end of period, Buildings and Improvements |
22,920
|
|
| Gross amount at which carried at end of period, Total |
31,776
|
|
| Accumulated Depreciation |
1,820
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward] |
|
|
| Ending balance |
31,776
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward] |
|
|
| Ending balance |
1,820
|
|
| Other | Buckhorn Plaza Bloomsburg, PA | Bloomsburg, Pennsylvania |
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
| Encumbrance |
8,910
|
|
| Initial Cost, Land |
1,651
|
|
| Initial Cost, Buildings and Improvements |
11,770
|
|
| Adjustments to Land Basis |
(35)
|
|
| Adjustments to Building Basis |
2,812
|
|
| Gross amount at which carried at end of period, Land and Improvements |
1,616
|
|
| Gross amount at which carried at end of period, Buildings and Improvements |
14,582
|
|
| Gross amount at which carried at end of period, Total |
16,198
|
|
| Accumulated Depreciation |
9,928
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward] |
|
|
| Ending balance |
16,198
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward] |
|
|
| Ending balance |
9,928
|
|
| Other | Hudson Correctional Facility Hudson, CO | Hudson, Colorado |
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
| Encumbrance |
0
|
|
| Initial Cost, Land |
1,382
|
|
| Initial Cost, Buildings and Improvements |
0
|
|
| Adjustments to Land Basis |
(1,382)
|
|
| Adjustments to Building Basis |
0
|
|
| Gross amount at which carried at end of period, Land and Improvements |
0
|
|
| Gross amount at which carried at end of period, Buildings and Improvements |
0
|
|
| Gross amount at which carried at end of period, Total |
0
|
|
| Accumulated Depreciation |
0
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward] |
|
|
| Ending balance |
0
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward] |
|
|
| Ending balance |
0
|
|
| Other | Palazzo Del Lago Orlando, FL | Bloomsburg, Pennsylvania |
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
| Encumbrance |
0
|
|
| Other | Palazzo Del Lago Orlando, FL | Orlando, Florida |
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
| Initial Cost, Land |
8,938
|
|
| Initial Cost, Buildings and Improvements |
0
|
|
| Adjustments to Land Basis |
0
|
|
| Adjustments to Building Basis |
19
|
|
| Gross amount at which carried at end of period, Land and Improvements |
8,938
|
|
| Gross amount at which carried at end of period, Buildings and Improvements |
19
|
|
| Gross amount at which carried at end of period, Total |
8,957
|
|
| Accumulated Depreciation |
13
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward] |
|
|
| Ending balance |
8,957
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward] |
|
|
| Ending balance |
13
|
|
| Other | Sherman Plaza Evanston, IL | Evanston, Illinois |
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
| Encumbrance |
0
|
|
| Initial Cost, Land |
9,655
|
|
| Initial Cost, Buildings and Improvements |
30,982
|
|
| Adjustments to Land Basis |
0
|
|
| Adjustments to Building Basis |
21,156
|
|
| Gross amount at which carried at end of period, Land and Improvements |
9,655
|
|
| Gross amount at which carried at end of period, Buildings and Improvements |
52,138
|
|
| Gross amount at which carried at end of period, Total |
61,793
|
|
| Accumulated Depreciation |
27,489
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward] |
|
|
| Ending balance |
61,793
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward] |
|
|
| Ending balance |
27,489
|
|
| Other | The Market at Hilliard Hilliard, OH | Hilliard, Ohio |
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
| Encumbrance |
13,737
|
|
| Initial Cost, Land |
4,432
|
|
| Initial Cost, Buildings and Improvements |
13,308
|
|
| Adjustments to Land Basis |
0
|
|
| Adjustments to Building Basis |
4,878
|
|
| Gross amount at which carried at end of period, Land and Improvements |
4,432
|
|
| Gross amount at which carried at end of period, Buildings and Improvements |
18,186
|
|
| Gross amount at which carried at end of period, Total |
22,618
|
|
| Accumulated Depreciation |
11,577
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward] |
|
|
| Ending balance |
22,618
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward] |
|
|
| Ending balance |
11,577
|
|
| Other | Trimble San Jose, CA | San Jose, California |
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
| Encumbrance |
20,000
|
|
| Initial Cost, Land |
12,732
|
|
| Initial Cost, Buildings and Improvements |
10,045
|
|
| Adjustments to Land Basis |
0
|
|
| Adjustments to Building Basis |
23,482
|
|
| Gross amount at which carried at end of period, Land and Improvements |
12,732
|
|
| Gross amount at which carried at end of period, Buildings and Improvements |
33,527
|
|
| Gross amount at which carried at end of period, Total |
46,259
|
|
| Accumulated Depreciation |
8,332
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward] |
|
|
| Ending balance |
46,259
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward] |
|
|
| Ending balance |
8,332
|
|
| Other | Corporate |
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
|
|
| Encumbrance |
0
|
|
| Initial Cost, Land |
0
|
|
| Initial Cost, Buildings and Improvements |
0
|
|
| Adjustments to Land Basis |
0
|
|
| Adjustments to Building Basis |
41
|
|
| Gross amount at which carried at end of period, Land and Improvements |
0
|
|
| Gross amount at which carried at end of period, Buildings and Improvements |
41
|
|
| Gross amount at which carried at end of period, Total |
41
|
|
| Accumulated Depreciation |
31
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward] |
|
|
| Ending balance |
41
|
|
| SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward] |
|
|
| Ending balance |
$ 31
|
|