v3.26.1
Non-controlling Interests
 3 Months Ended
Mar. 31, 2026
Noncontrolling Interest [Abstract]  
Non-controlling Interests Non-controlling Interests
Non-controlling interests on the Company’s consolidated balance sheets is comprised of the following (dollars in thousands):
Balance as of
March 31, 2026December 31, 2025
Series A Preferred Units held by third parties$2,578 $2,578 
Common OP Units held by third parties1,809 1,883 
Total non-controlling interests in the OP$4,387 $4,461 

Net income attributable to non-controlling interests on the Company’s consolidated statements of operations and comprehensive loss are comprised of the following (dollars in thousands):
Three months ended March 31,
20262025
Income attributable to Series A Preferred Units held by third parties$(46)$(46)
Loss attributable to Common OP Units held by third parties18 7 
Net income attributable to non-controlling interests in the OP$(28)$(39)

Non-controlling Interests in the OP
During each of the three months ended March 31, 2026 and 2025, Series A Preferred Unit holders were paid $46 thousand in cash distributions.
During the three months ended March 31, 2026 and 2025, no cash distributions were paid to Common OP Unit non-controlling interest holders.