v3.26.1
Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets Measured at Fair Value
Financial assets measured at fair value on our consolidated balance sheet as of March 31, 2026 and December 31, 2025 consisted of an interest rate cap, which is presented in the tables below based on its level in the fair value hierarchy. There were no financial liabilities measured at fair value as of March 31, 2026 and December 31, 2025.
 As of March 31, 2026
(Amounts in thousands)TotalLevel 1Level 2Level 3
Interest rate cap (included in other assets)$20 $— $20 $— 

 As of December 31, 2025
(Amounts in thousands)TotalLevel 1Level 2Level 3
Interest rate cap (included in other assets)$3 $— $3 $— 
Schedule of Interest Rate Derivatives The table below summarizes our interest rate derivative, which hedges the interest rate risk attributable to the variable rate debt noted as of March 31, 2026 and December 31, 2025, respectively.
Fair Value as ofAs of March 31, 2026
(Amounts in thousands)March 31, 2026December 31, 2025Notional AmountCapped RateExpiration Date
Interest rate cap related to:
Rego Park II shopping center mortgage loan (included in other assets)$20 $3 $175,000 (1)12/26
(1)SOFR cap strike rate of 4.50%.
Schedule of Carrying Amount and Fair Value of Financial Instruments The table below summarizes the carrying amount and fair value of these financial instruments as of March 31, 2026 and December 31, 2025, respectively.
 As of March 31, 2026As of December 31, 2025
(Amounts in thousands)Carrying
Amount		Fair
Value		Carrying
Amount		Fair
Value
Assets:
Cash equivalents
$61,475 $61,475 $94,978 $94,978 
Liabilities:
Mortgages payable (excluding deferred debt issuance costs, net)$838,596 $786,557 $836,691 $783,004