16. Mezzanine Equity Redeemable Noncontrolling Interests in the OP The following table sets forth the redeemable noncontrolling interests in the OP for the six months ended June 30, 2026 and 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
Redeemable noncontrolling interest in the OP, January 1, |
|
$ |
309 |
|
|
$ |
— |
|
Redeemable noncontrolling interests from NHT Merger |
|
|
— |
|
|
|
359 |
|
Net loss attributable to redeemable noncontrolling interests in the OP |
|
|
(9 |
) |
|
|
(20 |
) |
Distributions to redeemable noncontrolling interests in the OP |
|
|
(6 |
) |
|
|
(3 |
) |
Redeemable noncontrolling interest in the OP, June 30, |
|
$ |
294 |
|
|
$ |
336 |
|
Redeemable Series B Preferred Shares The following table sets forth the redeemable Series B Preferred Shares for the six months ended June 30, 2026 and 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
Redeemable Series B Preferred Shares, January 1, |
|
$ |
20,379 |
|
|
$ |
— |
|
Subscriptions |
|
|
21,517 |
|
|
|
3,171 |
|
Accretion to redemption value |
|
|
— |
|
|
|
— |
|
Redemptions |
|
|
(71 |
) |
|
|
— |
|
Redeemable Series B Preferred Shares, June 30, |
|
$ |
41,825 |
|
|
$ |
3,171 |
|
|