v3.26.1
CONSOLIDATED VARIABLE INTEREST ENTITIES - Financial position of consolidated variable interest entities (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Dec. 31, 2024
ASSETS        
Real estate investments $ 1,189,407 $ 1,159,339    
Accumulated depreciation (261,123) (256,951)    
Real estate investments, net 928,284 902,388    
Cash and cash equivalents 5,337 7,764 $ 4,999  
Restricted deposits 10,323 9,812 10,399  
Other assets, net 19,403 20,228    
Total Assets 1,003,311 978,628    
LIABILITIES        
Tenant security deposits payable 9,161 8,670    
Accrued expenses and other liabilities 25,857 28,244    
Total Liabilities 662,287 643,036    
SHAREHOLDERS' EQUITY        
Total Shareholders' Equity 341,024 335,592 $ 322,646 $ 328,938
Total liabilities and shareholders' equity 1,003,311 978,628    
Variable interest entity        
ASSETS        
Real estate investments 134,374 130,741    
Accumulated depreciation (18,902) (18,751)    
Real estate investments, net 115,472 111,990    
Cash and cash equivalents 3,006 2,669    
Restricted deposits 933 726    
Financing and lease costs, net 886 584    
Other assets, net 1,497 1,595    
Total Assets 121,794 117,564    
LIABILITIES        
Mortgage notes payable, net 83,441 80,216    
Tenant security deposits payable 580 547    
Accrued expenses and other liabilities 3,293 2,044    
Total Liabilities 87,314 82,807    
SHAREHOLDERS' EQUITY        
Total Shareholders' Equity 34,480 34,757    
Total liabilities and shareholders' equity $ 121,794 $ 117,564