Leases |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Leases | 14. Leases There are no tenants that make up greater than 10% of net rental income during the six months ended June 30, 2026. The following table lists the tenants where the rental revenue from the tenants represented 10% or more of total rental income in the Company’s Consolidated Statements of Operations and Comprehensive Income (in thousands) for the six months ended June 30, 2025:
Ground Lease The Company has a ground lease situated in Durham County, North Carolina, with a subsidiary of OSL, an entity that may be deemed an affiliate of the Adviser through common beneficial ownership. The lease has a remaining term of 3 years and a discount rate of 4.6% and contains five one-year extension options. As of June 30, 2026, the carrying amount of the right-of-use asset is $0.4 million, and the lease liability is $(0.5) million. The future minimum lease payments under the operating lease as of June 30, 2026 are as follows:
For the six months ended June 30, 2026 and 2025, the Company recognized lease expense of $0.1 million and $0.1 million, respectively, recorded on a straight-line basis over the lease term. |
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