Consolidated Statements of Operations - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2026 |
Sep. 30, 2025 |
Sep. 30, 2026 |
Sep. 30, 2025 |
|
| Revenues | ||||
| Rental revenue | $ 9,719 | $ 9,742 | $ 29,965 | $ 26,706 |
| Other revenues | (20) | 17 | 184 | 96 |
| Total revenues | 9,699 | 9,759 | 30,149 | 26,802 |
| Operating expenses | ||||
| Depreciation and amortization | 5,518 | 5,006 | 16,689 | 13,147 |
| Property taxes and insurance | 1,993 | 1,859 | 6,467 | 5,276 |
| Asset management fee | 1,140 | 1,043 | 3,447 | 2,830 |
| Property operating expenses | 944 | 932 | 3,001 | 2,427 |
| General and administrative | 699 | 590 | 1,807 | 1,856 |
| Total operating expenses | 10,294 | 9,430 | 31,411 | 25,536 |
| Operating income (loss) | (595) | 329 | (1,262) | 1,266 |
| Other income (expense) | ||||
| Income from DST investment | 938 | 2,548 | ||
| Interest income | 50 | 58 | 115 | 113 |
| Interest expense | (2,196) | (1,767) | (7,175) | (4,114) |
| Gain on sale of real estate assets | 5 | 0 | 1,157 | |
| Income taxes | (208) | (625) | ||
| Total other income (expense) | (1,416) | (1,704) | (5,137) | (2,844) |
| Net loss | (2,011) | (1,375) | (6,399) | (1,578) |
| Dividends to preferred shareholders | 4 | 4 | 12 | 12 |
| Net loss attributable to non-controlling interests | (13) | (9) | (43) | (10) |
| Net loss attributable to partners | (2,002) | (1,370) | (6,368) | (1,580) |
| Net loss attributable to Limited Partners | $ (2,002) | $ (1,370) | $ (6,368) | $ (1,580) |
| Weighted average number of Units outstanding, Basic | 4,164,271 | 4,100,946 | 4,076,042 | 3,883,312 |
| Weighted average number of Units outstanding, Diluted | 4,164,271 | 4,100,946 | 4,076,042 | 3,883,312 |
| Earnings per Unit, basic | $ (0.48) | $ (0.33) | $ (1.56) | $ (0.41) |
| Earnings per Unit, diluted | $ (0.48) | $ (0.33) | $ (1.56) | $ (0.41) |
| X | ||||||||||
- Definition Gain (loss) on sale of real estate assets. No definition available.
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- Definition IncomefromDSTinvestment. No definition available.
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- Definition Property operating expenses. No definition available.
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- Definition Property taxes and insurance. No definition available.
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- Definition Rental revenue including tenant reimbursements. No definition available.
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for investment management fee, including, but not limited to, expense in connection with research, selection, supervision, and custody of investment. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Aggregate amount of net income allocated to limited partners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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