v3.25.4
Fair Value (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Carrying Amounts and Fair Values of Financial Instruments
For those financial instruments not carried at fair value, the carrying amount and estimated fair values of our financial assets and liabilities were as follows as of December 31, 2025 and 2024 (in thousands):
December 31,
20252024
Carrying
Amount
Fair ValueCarrying
Amount
Fair Value
Debt, excluding deferred loan costs
693,119 661,756 655,156 621,597 
Liabilities held for sale 1
13,021 12,643 — — 
            
__________
1 Notes Payable on one community that is currently held for sale.
Schedule of Fair Value Assets Measured on Non-recurring Basis As of December 31, 2025, the Company’s assets measured at fair value on a non-recurring basis were as follows (in thousands). There were no such amounts as of December 31, 2024.
December 31, 2025
Carrying
Amount
Fair Value
Assets
Assets held for sale$9,453 $9,453