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 $ (2,886) $ (3,362)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Loss from investments in unconsolidated affiliated real estate entities 442 1,259
Depreciation and amortization 1,581 1,625
Amortization of deferred financing costs 136 136
Other non-cash adjustments 54 6
Changes in assets and liabilities:    
Increase in accounts receivable and other assets (1,141) (918)
Increase in accounts payable and other accrued expenses 1,118 1,026
Increase in due to related parties 737 732
Net cash provided by operating activities 41 504
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of investment property (323) (236)
Purchase of marketable securities (89) (102)
Distributions from unconsolidated affiliated real estate entities 500 0
Investments in unconsolidated affiliated real estate entities (145) (170)
Net cash used in investing activities (57) (508)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on mortgages payable (247) (232)
Redemption and cancellation of common shares (660) (657)
Net cash used in financing activities (907) (889)
Change in cash and cash equivalents (923) (893)
Cash and cash equivalents, beginning of year 4,772 6,175
Cash and cash equivalents, end of period 3,849 5,282
Supplemental cash flow information for the periods indicated is as follows:    
Cash paid for interest $ 2,049 $ 2,253