v3.26.1
SEGMENT INFORMATION (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
USD ($)
segment
Mar. 31, 2026
USD ($)
Jun. 30, 2025
USD ($)
segment
Mar. 31, 2025
USD ($)
Jun. 30, 2026
USD ($)
segment
Jun. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
Additional Disclosure [Abstract]              
Number of operating segments | segment         3    
Number of reportable segments | segment 2   2        
Segment Reporting, Asset Reconciling Item [Abstract]              
Investment in real estate assets, net $ 316,204       $ 316,204   $ 352,388
Receivables 6,164       6,164   7,834
Investment in marketable securities 144       144   123
Deferred leasing costs 1,919       1,919   2,036
Prepaid and other assets 3,167       3,167   2,859
Total assets 333,617       333,617   372,476
Segment Reporting, Operating Income (Loss) [Abstract]              
Property related income 8,539   $ 10,387   17,232 $ 20,440  
Investment income on marketable securities 1   1   2 2  
Total revenues 8,540   10,388   17,234 20,442  
Property operating expenses (2,522)   (3,083)   (4,654) (6,424)  
Administration expenses (6)   (4)   (12) (10)  
Net realized gain (loss) on sale of real estate         231 (91)  
Net realized loss upon sale of marketable securities 0   (2)   (1) (1)  
Net realized loss upon sale of marketable securities     (2)     (1)  
Net unrealized change in fair value of investment in marketable securities 12   (1)   19 (4)  
Operating income 2,326   3,227   4,980 5,805  
Reconciliation to net loss              
Operating income - segments 2,326   3,227   4,980 5,805  
Interest income 20   32   64 78  
General and administrative expenses (540)   (561)   (1,416) (1,225)  
Advisory expenses (519)   (575)   (1,027) (1,166)  
Depreciation (2,322)   (2,512)   (4,706) (4,885)  
Amortization (343)   (459)   (764) (919)  
Operating income 2,326   3,227   4,980 5,805  
Interest expense (2,809)   (3,484)   (5,888) (6,860)  
Net loss (483) $ (425) (257) $ (798) (908) (1,055)  
Reportable Segments              
Segment Reporting, Asset Reconciling Item [Abstract]              
Receivables 6,155       6,155   7,810
Total investment in real estate assets, marketable securities and real estate loans, net 316,348       316,348   352,511
Deferred leasing costs 1,919       1,919   2,036
Prepaid and other assets 1,639       1,639   1,592
Total assets 326,061       326,061   363,949
Segment Reporting, Operating Income (Loss) [Abstract]              
Operating income 6,024   7,298   12,817 13,912  
Reconciliation to net loss              
Operating income - segments 6,024   7,298   12,817 13,912  
Operating income 6,024   7,298   12,817 13,912  
Reportable Segments | Real Estate Properties              
Segment Reporting, Asset Reconciling Item [Abstract]              
Investment in real estate assets, net 316,204       316,204   352,388
Receivables 6,154       6,154   7,810
Deferred leasing costs 1,919       1,919   2,036
Prepaid and other assets 1,639       1,639   1,592
Total assets 325,916       325,916   363,826
Segment Reporting, Operating Income (Loss) [Abstract]              
Property related income 8,539   10,387   17,232 20,440  
Investment income on marketable securities 0   0   0 0  
Total revenues 8,539   10,387   17,232 20,440  
Property operating expenses (2,522)   (3,083)   (4,654) (6,424)  
Administration expenses 0   0   0 0  
Net realized gain (loss) on sale of real estate         231 (91)  
Net realized loss upon sale of marketable securities         0    
Net realized loss upon sale of marketable securities     0     0  
Net unrealized change in fair value of investment in marketable securities 0   0   0 0  
Operating income 6,017   7,304   12,809 13,925  
Reconciliation to net loss              
Operating income - segments 6,017   7,304   12,809 13,925  
Operating income 6,017   7,304   12,809 13,925  
Reportable Segments | Real Estate Equity Securities              
Segment Reporting, Asset Reconciling Item [Abstract]              
Receivables 1       1   0
Investment in marketable securities 144       144   123
Deferred leasing costs 0       0   0
Prepaid and other assets 0       0   0
Total assets 145       145   123
Segment Reporting, Operating Income (Loss) [Abstract]              
Property related income 0   0   0 0  
Investment income on marketable securities 1   1   2 2  
Total revenues 1   1   2 2  
Property operating expenses 0   0   0 0  
Administration expenses (6)   (4)   (12) (10)  
Net realized gain (loss) on sale of real estate         0 0  
Net realized loss upon sale of marketable securities         (1)    
Net realized loss upon sale of marketable securities     (2)     (1)  
Net unrealized change in fair value of investment in marketable securities 12   (1)   19 (4)  
Operating income 7   (6)   8 (13)  
Reconciliation to net loss              
Operating income - segments 7   (6)   8 (13)  
Operating income 7   (6)   8 (13)  
Other assets              
Segment Reporting, Asset Reconciling Item [Abstract]              
Total assets 7,556       7,556   $ 8,527
Segment Reconciling Items              
Reconciliation to net loss              
General and administrative expenses $ (534)   $ (557)   $ (1,404) $ (1,215)