v3.26.1
Basis of Presentation and Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2026
In-place lease intangible assets  
Accounting Policies [Line Items]  
Schedule of intangible assets

The following table summarizes the Company’s in-place lease intangible assets at March 31, 2026 and December 31, 2025 (amounts in thousands):

  ​ ​ ​

March 31,

  ​ ​ ​

December 31,

2026

2025

Gross carrying value

$

13,119

$

13,359

Accumulated amortization

 

(12,506)

 

(11,295)

Net carrying value

$

613

$

2,064

Schedule of in-place lease activity

The following table summarizes the Company’s in-place lease activity for the three months ended March 31, 2026 and year ended December 31, 2025 (amounts in thousands):

  ​ ​ ​

March 31, 

  ​ ​ ​

December 31,

2026

 2025

Beginning balances as of January 1, 2026 and 2025, respectively

$

2,064

$

2,749

Acquisitions

 

 

3,905

Amortization

 

(1,451)

 

(4,590)

In-place lease intangible assets, net, end of period

$

613

$

2,064

Real estate tax abatement  
Accounting Policies [Line Items]  
Schedule of intangible assets

The following table summarizes the real estate tax abatement at March 31, 2026 (amounts in thousands):

  ​ ​ ​

March 31, 

2026

Gross carrying value

$

5,534

Accumulated amortization

 

(209)

Net carrying value

$

5,325

Schedule of estimated future amortization expense

The following table presents the estimated future amortization expense of the real estate tax abatement as of March 31, 2026 (amounts in thousands):

Year

  ​ ​ ​

Total

2026

$

313

2027

 

418

2028

 

418

2029

 

418

2030

 

418

Thereafter

 

3,340

$

5,325