INVESTMENTS IN UNCONSOLIDATED ENTITIES (Tables)

6 Months Ended

Jun. 30, 2026

Equity Method Investments and Joint Ventures [Abstract]

Summary of Equity in Earnings (Losses) of Unconsolidated Entities

The following table summarizes the Company's investments in unconsolidated entities at June 30, 2026 and December 31, 2025 and equity in earnings (losses) of unconsolidated entities for the three and six months ended June 30, 2026 and 2025 (dollars in thousands, except in the footnotes):


						Earnings (Losses) of Unconsolidated Entities
	Ownership %					For the Three Months Ended June 30,						For the Six Months Ended June 30,
	at June 30, 2026	June 30, 2026		December 31, 2025		2026			2025			2026			2025
Unsecured Junior Subordinated Debentures(1)	3%	$	1,548	$	1,548	$	—		$	—		$	—		$	—
65 E. Wacker Joint Venture, LLC (2)	90%		28,705		27,689		532			(553	)		1,016			(741	)
7720 McCallum JV, LLC (3)	50%		—		—		(21	)		152			(129	)		(152	)
Pacmulti Affiliates JV, LLC (4)	50%		—		—		(81	)		(268	)		(212	)		(268	)
Total		$	30,253	$	29,237	$	430		$	(669	)	$	675		$	(1,161	)

(1)

During the three and six months ended June 30, 2026 and 2025, dividends from the investments in RCT I's and RCT II's common shares in the amounts of $31,000 and $62,000 and $33,000 and $66,000, respectively, are recorded in other revenue on the Company's consolidated statements of operations.

(2)

Refer to Note 3 for details regarding the Wacker JV.

(3)

Refer to Note 3 for details regarding the McCallum JV.

(4)

Refer to Note 3 for details regarding the Pacmulti JV.