The following tables set forth the carrying value, revenue and the components of operating income of the Company's segments reconciled to total assets as of March 31, 2026 and December 31, 2025 and net income (loss) for the three months ended March 31, 2026 and 2025.


		Real Estate Properties		Real Estate Equity Securities		Total
Carrying value as of March 31, 2026		$	318,209	$	131	$	318,340
	Receivables	6,491		—		6,491
	Deferred leasing costs	1,861		—		1,861
	Prepaid and other assets	1,710		—		1,710
	Subtotal	$	328,271	$	131	$	328,402

Reconciliation to total assets of March 31, 2026
	Carrying value per reportable segments					$	328,402
	Other assets					8,628
	Total assets					$	337,030

Carrying value as of December 31, 2025		$	352,388	$	123	$	352,511
	Receivables	7,810		—		7,810
	Deferred leasing costs	2,036		—		2,036
	Prepaid and other assets	1,592		—		1,592
	Subtotal	$	363,826	$	123	$	363,949

Reconciliation to total assets of December 31, 2025
	Carrying value per reportable segments					$	363,949
	Other assets					8,527
	Total assets					$	372,476


Three Months Ended March 31, 2026	Real Estate Properties		Real Estate Equity Securities		Total
Property related income	$	8,693	$	—	$	8,693

Investment income on marketable securities	—		1		1
Total revenues	8,693		1		8,694
Property operating expenses	(2,132)		—		(2,132)
Administration expenses	—		(6)		(6)
Net realized gain on sale of real estate	231		—		231
Net realized loss upon sale of marketable securities	—		(1)		(1)



Net unrealized change in fair value of investment in marketable securities	—		7		7

Operating income - segments	$	6,792	$	1	$	6,793


Three Months Ended March 31, 2025
Property related income	$	10,053	$	—	$	10,053

Investment income on marketable securities	—		1		1
Total revenues	10,053		1		10,054
Property operating expenses	(3,341)		—		(3,341)
Administration expenses	—		(6)		(6)
Net realized loss on sale of real estate	(91)		—		(91)

Net realized gain upon sale of marketable securities	—		1		1

Net unrealized change in fair value of investment in marketable securities	—		(3)		(3)

Operating income (loss) - segments	$	6,621	$	(7)	$	6,614


			Three Months Ended March 31,
Reconciliation to net income (loss)			2026				2025
Operating income - segments			$	6,793			$	6,614
Interest income			44				46
General and administrative expenses			(870)				(658)
Advisory expenses			(508)				(591)

Depreciation			(2,384)				(2,373)
Amortization			(421)				(460)
Operating income	2,654				2,578
Interest expense			(3,079)				(3,376)
Net loss	$	(425)			$	(798)