v3.26.1
Investment in Developmental Real Estate, Net (Tables)
3 Months Ended
Mar. 31, 2026
Real Estate Investments, Net [Abstract]  
Schedule of investment in rental real estate
As of March 31, 2026 and December 31, 2025, investment in developmental real estate, net consisted of the following:
As of March 31, 2026As of December 31, 2025
(in thousands)CostAccumulated DepreciationNet investmentCostAccumulated DepreciationNet investment
Land and land improvements$8,552 $(23)$8,529 $8,392 $(15)$8,377 
Building20,513 (13)20,500 1,346 (4)1,342 
Construction in progress16,984 — 16,984 — — — 
Total$46,049 $(36)$46,013 $9,738 $(19)$9,719