v3.26.3
FAIR VALUE MEASUREMENT (Tables)
9 Months Ended
Sep. 30, 2026
FAIR VALUE MEASUREMENT  
Schedule of carrying value and estimated fair value of the Company's financial instruments

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September 30, 2026

​

December 31, 2025

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​

Carrying

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​

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​

Carrying

​

​

​

​

  ​ ​ ​

Value

  ​ ​ ​

Fair Value

  ​ ​ ​

Value

  ​ ​ ​

Fair Value

​

​

(in thousands)

Financial assets:

​

​

​

​

​

​

​

​

​

​

​

​

Notes receivable

​

$

1,398

​

$

968

​

$

1,500

​

$

1,500

Notes receivable, affiliates

​

$

2,315

​

$

2,267

​

$

2,315

​

$

2,192

Derivative assets

​

$

12,597

​

$

12,597

​

$

8,949

​

$

8,949

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Financial liabilities:

​

​

​

​

​

​

​

​

​

​

​

​

Lines of Credit

​

$

—

​

$

—

​

$

16,579

​

$

16,579

Mortgage notes payable

​

$

531,614

​

$

476,400

​

$

513,947

​

$

471,230

Mortgage notes payable, affiliates

​

$

76,586

​

$

79,381

​

$

53,797

​

$

54,548

Derivative liabilities

​

$

—

​

$

—

​

$

153

​

$

153

Schedule of fair value on a recurring basis

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  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

  ​ ​ ​

Total

​

​

(in thousands)

September 30, 2026

​

​

​

​

​

​

​

​

​

​

​

​

Derivative assets

​

$

—

​

$

12,597

​

$

—

​

$

12,597

Derivative liabilities

​

$

—

​

$

—

​

$

—

​

$

—

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2025

​

​

​

​

​

​

​

​

​

​

​

​

Derivative assets

​

$

—

​

$

8,949

​

$

—

​

$

8,949

Derivative liabilities

​

$

—

​

$

153

​

$

—

​

$

153

Schedule of fair value of Company's financial assets and liabilities

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

  ​ ​ ​

Total

​

​

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​

​

​

​

​

​

​

​

​

​

​

​

(in thousands)

September 30, 2026

​

​

​

​

​

​

​

​

​

​

​

​

Lines of Credit

​

$

—

​

$

—

​

$

—

​

$

—

Mortgage notes payable

​

$

—

​

$

—

​

$

476,400

​

$

476,400

Mortgage notes payable, affiliate

​

$

—

​

$

—

​

$

79,381

​

$

79,381

Notes receivable

​

$

—

​

$

—

​

$

968

​

$

968

Notes receivable, affiliate

​

$

—

​

$

—

​

$

2,267

​

$

2,267

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2025

​

​

​

​

​

​

​

​

​

​

​

​

Lines of Credit

​

$

—

​

$

—

​

$

16,579

​

$

16,579

Mortgage notes payable

​

$

—

​

$

—

​

$

471,230

​

$

471,230

Mortgage notes payable, affiliate

​

$

—

​

$

—

​

$

54,548

​

$

54,548

Notes receivable

​

$

—

​

$

—

​

$

1,500

​

$

1,500

Notes receivable, affiliate

​

$

—

​

$

—

​

$

2,192

​

$

2,192