v3.26.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
ASSETS    
Land $ 155,367 $ 152,561
Buildings and improvements 975,132 947,217
Furniture, fixtures and equipment 36,010 35,535
Construction in progress 48,537 24,026
Real estate investments 1,215,046 1,159,339
Less accumulated depreciation (272,708) (256,951)
Real estate investments, net 942,338 902,388
Cash and cash equivalents 4,599 7,764
Restricted deposits 15,224 9,812
Investment in unconsolidated affiliates 29,773 29,791
Assets held for sale 7,741 2,832
Lease intangible assets, less accumulated amortization 1,278 1,998
Other assets, net 23,156 20,228
Total Assets 1,027,822 978,628
LIABILITIES    
Notes payable, affiliate $ 16,000 $ 10,000
Notes Payable, Related Party [Extensible Enumeration] Affiliates Affiliates
Lines of credit   $ 16,579
Dividends payable $ 10,391 9,589
Tenant security deposits payable 8,870 8,670
Lease intangible liabilities, less accumulated amortization 118 177
Liabilities related to assets held for sale 5,759 4,243
Accrued expenses and other liabilities 35,826 28,244
Total Liabilities 682,123 643,036
COMMITMENTS and CONTINGENCIES - Note 14
SHAREHOLDERS' EQUITY    
Beneficial interest 163,202 159,383
Operating partnership 158,966 159,935
Partially owned properties 12,985 9,849
Accumulated other comprehensive income 10,546 6,425
Total Shareholders' Equity 345,699 335,592
Total Liabilities and Shareholders' Equity 1,027,822 978,628
Non affiliates    
ASSETS    
Notes receivable 1,398 1,500
LIABILITIES    
Mortgage notes payable, net 528,573 511,737
Affiliates    
ASSETS    
Notes receivable 2,315 2,315
LIABILITIES    
Mortgage notes payable, net $ 76,586 $ 53,797