v3.26.1
FAIR VALUE MEASUREMENT (Tables)
3 Months Ended
Mar. 31, 2026
FAIR VALUE MEASUREMENT  
Schedule of carrying value and estimated fair value of the Company's financial instruments

March 31, 2026

December 31, 2025

Carrying

Carrying

  ​ ​ ​

Value

  ​ ​ ​

Fair Value

  ​ ​ ​

Value

  ​ ​ ​

Fair Value

(in thousands)

Financial assets:

Notes receivable

$

1,500

$

1,487

$

1,500

$

1,500

Notes receivable, affiliates

$

2,315

$

2,216

$

2,315

$

2,192

Derivative assets

$

9,113

$

9,113

$

8,949

$

8,949

Financial liabilities:

Lines of Credit

$

29,496

$

29,496

$

16,579

$

16,579

Mortgage notes payable

$

532,142

$

482,347

$

513,947

$

471,230

Mortgage notes payable, affiliates

$

53,203

$

52,016

$

53,797

$

54,548

Derivative liabilities

$

145

$

145

$

153

$

153

Schedule of fair value on a recurring basis

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

  ​ ​ ​

Total

(in thousands)

March 31, 2026

Derivative assets

$

$

9,113

$

$

9,113

Derivative liabilities

$

$

145

$

$

145

December 31, 2025

Derivative assets

$

$

8,949

$

$

8,949

Derivative liabilities

$

$

153

$

$

153

Schedule of fair value of Company's financial assets and liabilities

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

  ​ ​ ​

Total

(in thousands)

March 31, 2026

Lines of Credit

$

$

$

29,496

$

29,496

Mortgage notes payable

$

$

$

482,347

$

482,347

Mortgage notes payable, affiliate

$

$

$

52,016

$

52,016

Notes receivable

$

$

$

1,487

$

1,487

Notes receivable, affiliate

$

$

$

2,216

$

2,216

December 31, 2025

Lines of Credit

$

$

$

16,579

$

16,579

Mortgage notes payable

$

$

$

471,230

$

471,230

Mortgage notes payable, affiliate

$

$

$

54,548

$

54,548

Notes receivable

$

$

$

1,500

$

1,500

Notes receivable, affiliate

$

$

$

2,192

$

2,192