17. Mezzanine Equity Redeemable Noncontrolling Interests in the OP The following table sets forth the redeemable noncontrolling interests in the OP for the years ended December 31, 2025 and 2024 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
|
|
2025 |
|
|
2024 |
|
Redeemable noncontrolling interest in the OP, January 1, |
|
$ |
— |
|
|
$ |
— |
|
Redeemable noncontrolling interests from NHT Merger |
|
|
359 |
|
|
|
— |
|
Net loss attributable to redeemable noncontrolling interests in the OP |
|
|
(41 |
) |
|
|
— |
|
Distributions to redeemable noncontrolling interests in the OP |
|
|
(9 |
) |
|
|
— |
|
Redeemable noncontrolling interest in the OP, December 31, |
|
$ |
309 |
|
|
$ |
— |
|
Redeemable Series B Preferred Shares The following table sets forth the redeemable Series B Preferred Shares for the years ended December 31, 2025 and 2024 (in thousands):
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|
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|
|
|
|
|
|
|
Year Ended December 31, |
|
|
|
2025 |
|
|
2024 |
|
Redeemable Series B Preferred Shares, January 1, |
|
$ |
— |
|
|
$ |
— |
|
Subscriptions |
|
|
20,379 |
|
|
|
— |
|
Accretion to redemption value |
|
|
— |
|
|
|
— |
|
Redemptions |
|
|
— |
|
|
|
— |
|
Redeemable Series B Preferred Shares, December 31, |
|
$ |
20,379 |
|
|
$ |
— |
|
|