v3.26.3
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
REVENUE        
TOTAL REVENUES $ 40,484 $ 37,698 $ 117,174 $ 116,132
OPERATING EXPENSES        
Property operating expenses 9,665 9,215 29,267 28,887
Real estate taxes and insurance 8,400 7,894 23,526 23,039
General and administrative 4,376 3,697 12,736 11,341
Transaction pursuit costs 0 10 0 0
Depreciation and amortization 8,112 7,997 24,114 22,947
Loss on impairment of Long-Lived Assets 0 0 0 33,780
TOTAL OPERATING EXPENSES 30,553 28,813 89,643 119,994
Litigation settlement and other (50) 0 (3,859) (26)
INCOME (LOSS) FROM OPERATIONS 9,881 8,885 23,672 (3,888)
Loss on disposal of long-lived assets 0 (172) 0 (857)
Interest expense, net (15,793) (13,320) (46,993) (36,321)
Net loss (5,912) (4,607) (23,321) (41,066)
Net loss attributable to non-controlling interests 3,663 2,856 14,451 25,451
Net loss attributable to common stockholders $ (2,249) $ (1,751) $ (8,870) $ (15,615)
Basic and diluted net loss per share (in dollars per share) $ (0.18) $ (0.14) $ (0.67) $ (1.07)
Residential Rental [Member]        
REVENUE        
TOTAL REVENUES $ 33,964 $ 29,773 $ 98,090 $ 88,017
Commercial Real Estate [Member]        
REVENUE        
TOTAL REVENUES $ 6,520 $ 7,925 $ 19,084 $ 28,115