v3.26.1
Investments in Real Estate
6 Months Ended
Jun. 30, 2026
Investment in Real Estate  
Investments in Real Estate

3. Investments in Real Estate

The gross carrying amount and accumulated depreciation and amortization of the Company’s investments in real estate consisted of the following as of June 30, 2026 and December 31, 2025 ($ in thousands):

 

 

 

June 30, 2026

 

 

December 31, 2025

 

Building and building improvements

 

$

266,116

 

 

$

266,116

 

Land and land improvements

 

 

112,136

 

 

 

112,136

 

Construction in progress

 

 

8,938

 

 

 

8,938

 

Right-of-use asset - finance lease

 

 

103,158

 

 

 

103,158

 

Leasehold improvements

 

 

109

 

 

 

109

 

Total

 

 

490,457

 

 

 

490,457

 

Accumulated depreciation and amortization

 

 

(19,682

)

 

 

(14,132

)

Investment in real estate, net

 

$

470,775

 

 

$

476,325

 

Acquisitions and dispositions

During the three and six months ended June 30, 2026 and 2025, the Company did not acquire or dispose of any real estate investments.