v3.26.1
Basis of Presentation and Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Discontinued Operations and Related and Unrealized Gains (Losses)
The following table summarizes income (loss) from Office Discontinued Operations Properties for the three months ended March 31, 2026 and 2025:
Three Months Ended March 31,
20262025
Revenue:
Rental income$— $28,265 
Expenses:
Property operating expense— 3,132 
Property tax expense— 2,074 
Real estate impairment provision
— 36,921 
Depreciation and amortization— 11,728 
Total expenses— 53,855 
Interest expense (1)
— (1,672)
Other (expense) income, net
(54)10 
Loss from discontinued operations
(54)(27,252)
Gain from disposition of assets
618 — 
Net income (loss) from discontinued operations
$564 $(27,252)
(1)Interest expense in prior year was directly related to the portion of the Company’s BOA II Loan that was secured by certain Office Discontinued Operations Properties located in Birmingham, Alabama and Las Vegas, Nevada.
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
Three Months Ended March 31,
20262025
Unvested Restricted Shares(1)
491,055 291,100 
(1)    Unvested Restricted Shares that contain non-forfeitable rights to dividends are participating securities and are included in the computation of earnings per share pursuant to either the two-class method or treasury stock method, as applicable.
Schedule of Restrictions on Cash and Cash Equivalents The table below summarizes the Company’s restricted cash:
Balance as of
March 31, 2026December 31, 2025
Cash reserves$4,909 $4,909 
Restricted lockbox1,663 2,858 
Total restricted cash$6,572 $7,767