v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Investment property:    
Land and improvements $ 25,758 $ 26,207
Building and improvements 139,400 145,698
Furniture and fixtures 29,531 29,362
Construction in progress 467 111
Gross investment property 195,156 201,378
Less accumulated depreciation (69,125) (68,496)
Net investment property 126,031 132,882
Investments in unconsolidated affiliated entities 7,137 7,519
Cash and cash equivalents 21,346 24,952
Marketable securities, available for sale 10,224 10,147
Restricted cash 1,285 1,190
Accounts receivable and other assets 4,040 1,960
Total Assets 170,063 178,650
Liabilities and Equity    
Accounts payable and other liabilities 9,115 7,557
Mortgage payable, net 97,727 97,546
Distributions payable 1,189 1,195
Due to related parties 548 360
Total liabilities 108,579 106,658
Commitments and contingencies 0 0
Stockholders’ equity:    
Preferred shares, $0.01 par value, 10.0 million shares authorized, none issued and outstanding 0 0
Common stock, $0.01 par value, 100.0 million shares authorized, 15.8 and 15.9 million shares issued and outstanding, respectively 157 158
Additional paid-in-capital 134,644 135,639
Accumulated deficit (84,338) (74,801)
Total stockholders’ equity 50,463 60,996
Noncontrolling interests 11,021 10,996
Total Equity 61,484 71,992
Total Liabilities and Equity $ 170,063 $ 178,650