v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
ASSETS    
Land $ 156,014 $ 152,561
Buildings and improvements 966,546 947,217
Furniture, fixtures and equipment 35,996 35,535
Construction in progress 30,851 24,026
Real estate investments 1,189,407 1,159,339
Less accumulated depreciation (261,123) (256,951)
Real estate investments, net 928,284 902,388
Cash and cash equivalents 5,337 7,764
Restricted deposits 10,323 9,812
Investment in unconsolidated affiliates 29,854 29,791
Assets held for sale 4,552 2,832
Lease intangible assets, less accumulated amortization 1,743 1,998
Other assets, net 19,403 20,228
Total Assets 1,003,311 978,628
LIABILITIES    
Notes payable, affiliate   $ 10,000
Notes Payable, Related Party [Extensible Enumeration]   Affiliates
Lines of credit 29,496 $ 16,579
Dividends payable 10,311 9,589
Tenant security deposits payable 9,161 8,670
Lease intangible liabilities, less accumulated amortization 144 177
Liabilities related to assets held for sale 4,230 4,243
Accrued expenses and other liabilities 25,857 28,244
Total Liabilities 662,287 643,036
COMMITMENTS and CONTINGENCIES - Note 14
SHAREHOLDERS' EQUITY    
Beneficial interest 160,224 159,383
Operating partnership 161,614 159,935
Partially owned properties 12,476 9,849
Accumulated other comprehensive income 6,710 6,425
Total Shareholders' Equity 341,024 335,592
Total liabilities and shareholders' equity 1,003,311 978,628
Non affiliates    
ASSETS    
Notes receivable 1,500 1,500
LIABILITIES    
Mortgage notes payable, net 529,885 511,737
Affiliates    
ASSETS    
Notes receivable 2,315 2,315
LIABILITIES    
Mortgage notes payable, net $ 53,203 $ 53,797