v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Investment property:    
Land and improvements $ 91,188 $ 91,178
Building and improvements 173,947 173,741
Furniture and fixtures 18,592 18,377
Construction in progress 142 211
Gross investment property 283,869 283,507
Less: accumulated depreciation (40,356) (36,747)
Net investment property 243,513 246,760
Investment in related party joint venture 372 379
Investment in unconsolidated affiliated entities 24,675 23,304
Cash and cash equivalents 57,189 61,825
Marketable securities 50,726 42,634
Restricted cash 6,864 7,716
Other assets 4,993 5,076
Total Assets 388,332 387,694
Liabilities and Equity    
Mortgages payable, net 219,426 219,226
Accounts payable, accrued expenses and other liabilities 12,068 12,386
Total Liabilities 231,494 231,612
Commitments and contingencies 0 0
Equity:    
Preferred shares, $0.01 par value, 10.0 million shares authorized, none issued and outstanding 0 0
Common stock, $0.01 par value; 60.0 million shares authorized, 20.8 million and 21.0 million shares issued and outstanding, respectively 207 209
Additional paid-in-capital 151,821 153,608
Accumulated other comprehensive income 18 46
Accumulated surplus 4,749 2,126
Total stockholders’ equity 156,795 155,989
Noncontrolling interests 43 93
Total Equity 156,838 156,082
Total Liabilities and Equity $ 388,332 $ 387,694