During the first quarter of 2026, the Company acquired one real estate property as detailed in the table below. The property is 100% leased to a tenant with a lease expiration in 2044. Amounts reflected in revenues and net income for the property for the nine months ended September 30, 2026 were approximately $1.9 million and $1.6 million, respectively, and transaction costs totaling approximately $19,000 were capitalized relating to the property acquisition.

The following table summarizes our property acquisitions for the nine months ended September 30, 2026:


Location	Property Type (1)	Number of Properties	Date Acquired	Purchase Price		Cash Consideration		Real Estate		Other (2)		Square Footage
				(000's)		(000's)		(000's)		(000's)
Pinellas Park, FL	IRF	1	2/19/2026	$	28,500	$	28,514	$	28,519	$	(5)	37,151










				$	28,500	$	28,514	$	28,519	$	(5)	37,151

(1) IRF - Inpatient Rehabilitation Facility
(2) May include items including, but not limited to, other assets, liabilities assumed, and security deposits.

The following table summarizes the relative fair values of the assets acquired and liabilities assumed in the property acquisitions for the nine months ended September 30, 2026:


	Estimated Fair Value		Weighted Average Useful Life
	(In thousands)		(In years)
Land and land improvements	$	7,877	22.0
Buildings and building improvements	20,642		50.0






Accounts payable, accrued liabilities and other liabilities acquired	(5)



Total cash consideration	$	28,514

As part of the Company's capital recycling program, the Company has sold the following properties during 2026:

•During the third quarter of 2026, the Company sold a property, received net proceeds of approximately $0.1 million, and recorded a $0.7 million loss on sale.

•During the second quarter of 2026, the Company sold a property, received net proceeds of approximately $0.4 million, and recorded a $46,000 gain on sale.

•During the first quarter of 2026, the Company sold a property, received net proceeds of approximately $5.2 million, and recorded a $46,000 loss on sale. The property was classified as held for sale at December 31, 2025. During the first quarter of 2026, the Company also received net cash proceeds of approximately $0.7 million for a property disposed of during the fourth quarter of 2025.

The Company also had two properties classified as assets held for sale at September 30, 2026 and one property held for sale at December 31, 2025. During the third quarter of 2026, the Company recognized an impairment of approximately $0.4 million related to a property held for sale at September 30, 2026, based on the estimated fair value less costs to sell.


(Dollars in thousands)	September 30, 2026		December 31, 2025
Balance Sheet data:
Land	$	3,213	$	1,047
Building, improvements, and lease intangibles	21,123		6,604
	24,336		7,651
Accumulated depreciation	(2,660)		(2,386)
Real estate assets held for sale, net	$	21,676	$	5,265
Other assets, net	$	912	$	—
Assets held for sale, net	$	22,588	$	5,265