v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (7,138) $ (4,291)
Adjustments to reconcile net loss to net cash provided by/(used in) operating activities:    
Depreciation and amortization 2,538 2,617
Amortization of deferred financing costs 181 181
Earnings from investments in unconsolidated affiliated entities (8) 211
Casualty (gain)/loss, net (149) 625
Impairment charge 5,167 0
Other non-cash adjustments 118 (3)
Changes in assets and liabilities:    
Increase in accounts receivable and other assets (1,411) (835)
Increase in accounts payable and other accrued expenses 554 938
Increase/(decrease) in due to related party 188 (5)
Net cash provided by/(used in) operating activities 40 (562)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of investment property (536) (483)
Proceeds from the sale of marketable securities 0 4,500
Purchases of marketable securities (119) (47)
Proceeds from property insurance claim 75 300
Contributions to unconsolidated affiliated entities (146) (171)
Distributions from unconsolidated affiliated entities 552 307
Net cash (used in)/provided by investing activities (174) 4,406
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment on mortgage payable 0 (4,000)
Contributions from noncontrolling interests 6 7
Distributions to noncontrolling interests 0 (44)
Tender, redemption and cancellation of common shares (996) (1,043)
Distributions to common stockholders (2,387) (2,412)
Net cash used in financing activities (3,377) (7,492)
Change in cash, cash equivalents and restricted cash (3,511) (3,648)
Cash, cash equivalents and restricted cash, beginning of year 26,142 32,077
Cash, cash equivalents and restricted cash, end of period 22,631 28,429
Supplemental cash flow information for the periods indicated is as follows:    
Cash paid for interest 3,539 3,998
Distributions declared 1,189 1,201
The following is a summary of the Company’s cash, cash equivalents, and restricted cash for the periods presented:    
Cash and cash equivalents 21,346 27,369
Restricted cash 1,285 1,060
Total cash, cash equivalents and restricted cash $ 22,631 $ 28,429