PREPAID EXPENSES and OTHER ASSETS	6 Months Ended
Jun. 30, 2026
PREPAID EXPENSES and OTHER ASSETS
PREPAID EXPENSES and OTHER ASSETS	NOTE 4. PREPAID EXPENSES and OTHER ASSETS Approximately $3,669,000, and $3,593,000 of security deposits are included in prepaid expenses and other assets at June 30, 2026 and December 31, 2025, respectively. Also, included in prepaid expenses and other assets at June 30, 2026 and December 31, 2025 is approximately $2,450,000 and $2,158,000, respectively, held in escrow to fund future capital improvements. Intangible assets on the acquisition of rental properties are included in prepaid expenses and other assets. Intangible assets are approximately $260,000 and $2,692,000 net of accumulated amortization of approximately $6,308,000 and $3,876,000 at June 30, 2026, and at December 31, 2025, respectively. Financing fees in association with the line of credit of approximately $105,000 and $142,000 are net of accumulated amortization of approximately $121,000 and $83,000 at June 30, 2026, and December 31, 2025, respectively.

PREPAID EXPENSES and OTHER ASSETS

6 Months Ended

Jun. 30, 2026

NOTE 4. PREPAID EXPENSES and OTHER ASSETS

Approximately $3,669,000, and $3,593,000 of security deposits are included in prepaid expenses and other assets at June 30, 2026 and December 31, 2025, respectively.

Also, included in prepaid expenses and other assets at June 30, 2026 and December 31, 2025 is approximately $2,450,000 and $2,158,000, respectively, held in escrow to fund future capital improvements.

Intangible assets on the acquisition of rental properties are included in prepaid expenses and other assets. Intangible assets are approximately $260,000 and $2,692,000 net of accumulated amortization of approximately $6,308,000 and $3,876,000 at June 30, 2026, and at December 31, 2025, respectively.

Financing fees in association with the line of credit of approximately $105,000 and $142,000 are net of accumulated amortization of approximately $121,000 and $83,000 at June 30, 2026, and December 31, 2025, respectively.