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NONCONTROLLING INTERESTS
6 Months Ended
Jun. 30, 2026
Noncontrolling Interest [Abstract]  
NONCONTROLLING INTERESTS
10. NONCONTROLLING INTERESTS

Noncontrolling Interests in Consolidated Ventures

As of June 30, 2026, the Company consolidates two ventures and in each, there are different noncontrolling investors, which own between 10.0% - 25.0% of such ventures. These ventures hold investments in a 40-building student housing portfolio in Isla Vista, CA with a book value of $76.2 million, and a single-tenant office building in Oakland County, MI with a book value of $8.4 million. The Company allocates income and loss and makes distributions from these ventures to the noncontrolling interests in accordance with the terms of the respective governing agreements.