v3.26.1
Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table sets forth the assets and liabilities that the Company measures at fair value on a recurring basis by level within the fair value hierarchy as of March 31, 2026 and December 31, 2025:
Assets/(Liabilities)Total Fair ValueQuoted Prices in Active Markets for Identical Assets and Liabilities Significant Other Observable InputsSignificant Unobservable Inputs
March 31, 2026
Mutual Funds Asset$10,563 $10,563 $— $— 
Interest Rate Swap Liability $(509)$— $(509)$— 
December 31, 2025
Mutual Funds Asset$10,941 $10,941 $— $— 
Interest Rate Swap Liability $(2,444)$— $(2,444)$— 
Schedule of Carrying Values and Estimated Fair Values of Financial Instruments The Company determined that the secured debt valuation in its entirety is classified in Level 2 of the fair value hierarchy, as the fair value is based on current pricing for debt with similar terms as the in-place debt.
 March 31, 2026December 31, 2025
 Fair Value
Carrying Value (1)
Fair Value
Carrying Value (1)
BOA II Loan
$87,485 $90,610 $87,474 $90,610 
Florida Mortgage Loan47,592 49,604 47,910 49,604 
Georgia Mortgage Loan37,131 37,722 37,318 37,722 
Illinois Mortgage Loan23,245 23,000 23,390 23,000 
Total Secured Debt$195,453 $200,936 $196,092 $200,936 
(1)The carrying values do not include the debt premium/(discount) or deferred financing costs as of March 31, 2026 and December 31, 2025. See Note 4, Debt, for details.