v3.26.1
INVESTMENT IN UNCONSOLIDATED AFFILIATES - Summary of financial position (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  
Investment in unconsolidated affiliates 29,854 29,791    
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    
Unconsolidated affiliates        
ASSETS        
Real estate investments 272,104 272,102    
Accumulated depreciation (52,126) (51,086)    
Real estate investments, net 219,978 221,016    
Cash and cash equivalents 3,782 6,130    
Restricted deposits 2,203 1,451    
Investment in unconsolidated affiliates 11,691 11,758    
Financing and lease costs, net 689 710    
Other assets, net 657 985    
Total Assets 239,000 242,050    
LIABILITIES        
Mortgage notes payable, net 195,971 196,774    
Tenant security deposits payable 422 428    
Accrued expenses and other liabilities 3,729 6,313    
Total Liabilities 200,122 203,515    
SHAREHOLDERS' EQUITY        
Total Shareholders' Equity 38,878 38,535    
Total liabilities and shareholders' equity $ 239,000 $ 242,050