v3.26.1
Noncontrolling Interests
12 Months Ended
Dec. 31, 2025
Noncontrolling Interest [Abstract]  
Noncontrolling Interests Noncontrolling Interests
The noncontrolling interest represents the third party ownership interest in TCI and Income Opportunity Realty Investors, Inc. ("IOR"). At December 31, 2025, we owned 78.4% of TCI, which in turn owned 84.6% of IOR.
On December 16, 2024, TCI announced an offer ("Tender Offer") to purchase up to 100,000 shares of the outstanding common shares of IOR at a price of $18 per share, subject to certain conditions. The Tender Offer was completed on January 29, 2025, which resulted in TCI's acquisition of 21,678 shares for a total purchase price of $454. TCI subsequently purchased an additional 32,845 common share of IOR in the market during the remainder of the year for an additional cost of $583.
We owned approximately 78.4% of TCI at December 31, 2025 and December 31, 2024, which in turn owned approximately 84.6% and 83.2% of IOR as of December 31, 2025 and December 31, 2024, respectively.