v3.26.1
Mortgages payable, net (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of mortgages payable, net

Mortgages payable, net consists of the following:

 

Description  Interest Rate  Weighted
Average
Interest
Rate for the
Six Months
Ended June 30, 2026		   Maturity
Date		  Amount
Due at
Maturity		   As of
June 30,
2026		   As of
December 31,
2025		 
                       
Revolving Credit Facility  SOFR + 3.30% (floor of 6.64%)   6.96%  July 2027  $30,844   $30,844   $30,844 
                           
Home2 Suites Tukwila Loan  AMERIBOR + 3.50% (floor of 3.75%)   7.27%  December 2026   15,478    15,588    15,738 
                           
Home2 Suites Salt Lake City Loan  AMERIBOR + 3.50% (floor of 3.75%)   7.27%  December 2026   10,064    10,136    10,233 
                           
Total mortgages payable      7.10%     $56,386    56,568    56,815 
                           
Less: Deferred financing costs                   (204)   (340)
                           
Total mortgages payable, net                  $56,364   $56,475 
Schedule of contractual obligations for principal payments maturity

The following table, based on the initial terms of the mortgages, sets forth their aggregate estimated contractual principal maturities, including balloon payments due at maturity, as of June 30, 2026:

 

   2026   2027   2028   2029   2030   Thereafter   Total 
Principal maturities  $25,724   $30,844   $    -   $     -   $     -   $     -   $56,568 
                                    
Less: Deferred financing costs                                 (204)
                                    
Total principal maturities, net                                $56,364