As of September 30, 2026, the Company had one asset (The Maxwell, Chicago, Illinois) classified as held for sale. This asset was sold on October 1, 2026, for a gross sales price of $15.3 million (Note 9). The Company classifies properties as held for sale when executed contract contingencies have been satisfied, which signifies that the parties are fully obligated to consummate the sale transaction.

The following table presents the assets and liabilities associated with the asset held for sale (in thousands):


	September 30, 2026
Assets
Land	$	3,822
Buildings		37,817
Fixtures and tenant improvements		5,491
		47,130
Less: Accumulated depreciation		(33,016	)
Real estate, net		14,114
Accounts receivable		865
Other assets, net		113
Assets associated with real estate assets held for sale	$	15,092

Accounts payable and other liabilities	$	1,211
Liabilities associated with real estate assets held for sale	$	1,211