The fair values of the Company’s financial instruments that are not reported at fair value on the condensed consolidated balance sheet are reported below:


		June 30, 2026				December 31, 2025
(In thousands)	Level	Gross Principal Balance		Fair Value		Gross Principal Balance		Fair Value

Mortgage note payable — 123 William Street	3	140,000		137,747		140,000		136,990
Mortgage note payable — 400 E. 67th Street - Laurel Condominium / 200 Riverside Blvd. - ICON Garage(1)	3	50,000		30,565		50,000		30,314
Mortgage note payable — 8713 Fifth Avenue	3	10,000		9,668		10,000		9,763
Mortgage note payable — 196 Orchard Street	3	51,000		46,925		51,000		47,222
Total		$	251,000	$	224,905	$	251,000	$	224,289