v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Investment property:    
Land and improvements $ 91,183 $ 91,178
Building and improvements 173,873 173,741
Furniture and fixtures 18,510 18,377
Construction in progress 142 211
Gross investment property 283,708 283,507
Less: accumulated depreciation (38,548) (36,747)
Net investment property 245,160 246,760
Investment in related party joint venture 374 379
Investment in unconsolidated affiliated entities 24,156 23,304
Cash and cash equivalents 59,217 61,825
Marketable securities 42,916 42,634
Restricted cash 7,174 7,716
Other assets 2,855 5,076
Total Assets 381,852 387,694
Liabilities and Stockholders’ Equity    
Mortgages payable, net 219,316 219,226
Accounts payable, accrued expenses and other liabilities 11,873 12,386
Total Liabilities 231,189 231,612
Commitments and contingencies 0 0
Stockholders’ equity:    
Preferred shares, $0.01 par value, 10.0 million shares authorized, none issued and outstanding 0 0
Common stock, $0.01 par value; 60.0 million shares authorized, 20.9 million and 21.0 million shares issued and outstanding, respectively 208 209
Additional paid-in-capital 152,735 153,608
Accumulated other comprehensive income 7 46
Accumulated (deficit)/surplus (2,217) 2,126
Total Company’s stockholders’ equity 150,733 155,989
Noncontrolling interests (70) 93
Total Equity 150,663 156,082
Total Liabilities and Equity $ 381,852 $ 387,694