Schedule of investments in unconsolidated affiliated entities

The entities below are partially owned by the Company. The Company accounts for these investments under the equity method of accounting as the Company exercises significant influence, but does not exercise financial and operating control over these entities. A summary of the Company’s investments in unconsolidated affiliated entities is as follows:

	Date of	Ownership			As of June 30,		As of December 31,
Entity	Ownership	%			2026		2025
LSG Joint Venture	December 11, 2025		47.7	%	$	13,731	$	10,517
Columbus Joint Venture	November 29, 2022		19.0	%		10,944		12,787
Total investments in unconsolidated affiliated entities					$	24,675	$	23,304

Investments in Unconsolidated Affiliated Entities (Tables) [Line Items]

Schedule of condensed statements of operations

The following table represents the condensed statements of operations for the Columbus Joint Venture:

	For the Three Months Ended						For the Six Months Ended
	June 30, 2026			June 30, 2025			June 30, 2026			June 30, 2025
Revenues	$	11,842		$	11,536		$	23,541		$	22,880

Property operating expenses		6,104			5,770			12,123			11,296
General and administrative expense		63			66			137			207
Depreciation and amortization		3,456			3,301			6,878			6,566

Operating income		2,219			2,399			4,403			4,811

Interest expense and other, net		(7,030	)		(7,160	)		(13,981	)		(14,181	)

Net loss	$	(4,811	)	$	(4,761	)	$	(9,578	)	$	(9,370	)

Company’s share of net loss (19.0%)	$	(913	)	$	(905	)	$	(1,820	)	$	(1,781	)
Additional depreciation and amortization expense ⁽¹⁾		(15	)		(15	)		(29	)		(29	)
Company’s loss from investment	$	(928	)	$	(920	)	$	(1,849	)	$	(1,810	)

(1)

Additional depreciation and amortization expense relates to the amortization of the difference between the cost of the interest in the Columbus Joint Venture and the amount of the underlying equity in net assets of the Columbus Joint Venture.