v3.26.1
RELATED PARTY TRANSACTIONS (Tables)
3 Months Ended
Mar. 31, 2026
RELATED PARTY TRANSACTIONS  
Schedule of property management fee

Three Months ended
March 31,

2026

2025

(in thousands)

Onsite staff costs, and other misc.

$

4,935

$

4,680

Goldmark Management fees

$

1,863

$

1,678

R&M related payroll and payroll related expenses

$

2,497

$

2,475

Sterling Management fees

$

29

$

26

Schedule of fees incurred and payable to Advisor

Three Months ended
March 31,

2026

2025

(in thousands)

Fee:

Advisory

$

1,213

$

1,124

Acquisition

$

375

$

-

Financing

$

38

$

-

Project Management

$

66

$

381

Payable at

March 31,

December 31,

2026

2025

(in thousands)

Fee:

Advisory

$

33

$

20

Development

$

101

$

115

Project Management

$

19

$

-

Schedule of rental income

Three Months ended
March 31,

2026

2025

(in thousands)

Rental Income:

Operating lease agreement with our Advisor

$

35

$

34

Goldmark Property Management, Inc.

$

72

$

70

Bell Bank

$

327

$

320