Non-controlling Interests (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Noncontrolling Interest on Balance Sheet

Non-controlling interests on the Company’s consolidated balance sheets is comprised of the following (dollars in thousands):


	Balance as of
	March 31, 2026		December 31, 2025
Series A Preferred Units held by third parties	$	2,578	$	2,578
Common OP Units held by third parties	1,809		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,
	2026		2025
Income attributable to Series A Preferred Units held by third parties	$	(46)	$	(46)
Loss attributable to Common OP Units held by third parties	18		7
Net income attributable to non-controlling interests in the OP	$	(28)	$	(39)