v3.26.1
Financial Instruments
6 Months Ended
Jun. 30, 2026
Disclosure Text Block Supplement [Abstract]  
Financial Instruments
8. Financial Instruments

 

The carrying amounts of cash and cash equivalents, accounts receivable and other assets, accounts payable and other accrued expenses and due to related parties approximate their fair values because of the short maturity of these instruments.

 

The estimated fair value of the Company’s mortgages payable as of both June 30, 2026 and December 31, 2025 approximated their carrying values because they bear interest at floating rates.