v3.26.1
Segment Reporting - Summary of Financial Results by Reportable Segment (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Rental revenue $ 5,551 $ 0 $ 5,551 $ 0
Other property revenue 72 0 72 0
Total revenues 5,623   5,623  
Expenses:        
Property operating expenses 1,031 0 1,031 0
Real estate tax expense 314 0 314 0
Total expenses 1,345   1,345  
Segment net operating income 4,278   4,278  
Depreciation and amortization (4,092) 0 (4,092) 0
Loss from equity method investment in Operating Partnership (100) (173) (463) (311)
Gain on consolidation of equity method investment 2,140 0 2,140 0
General and administrative expenses (628) 0 (628) 0
Advisor management fee (140) 0 (140) 0
Performance participation allocation (82) 0 (82) 0
Interest expense (2,702) 0 (2,702) 0
Interest and other income 8 0 8 0
Net loss (1,318) $ (173) (1,681) $ (311)
Healthcare        
Revenues:        
Rental revenue 4,178   4,178  
Other property revenue 1   1  
Total revenues 4,179   4,179  
Expenses:        
Property operating expenses 411   411  
Real estate tax expense 186   186  
Total expenses 597   597  
Segment net operating income 3,582   3,582  
Depreciation and amortization (2,596)   (2,596)  
Self-Storage        
Revenues:        
Rental revenue 576   576  
Other property revenue 71   71  
Total revenues 647   647  
Expenses:        
Property operating expenses 245   245  
Real estate tax expense 51   51  
Total expenses 296   296  
Segment net operating income 351   351  
Depreciation and amortization (762)   (762)  
Education        
Revenues:        
Rental revenue 797   797  
Other property revenue 0   0  
Total revenues 797   797  
Expenses:        
Property operating expenses 375   375  
Real estate tax expense 77   77  
Total expenses 452   452  
Segment net operating income 345   345  
Depreciation and amortization $ (734)   $ (734)