RELATED PARTY TRANSACTIONS (Tables)

9 Months Ended

Sep. 30, 2026

RELATED PARTY TRANSACTIONS

Schedule of property management fee


		Three Months ended September 30,							Nine Months ended September 30,
		2026			2025				2026			2025

		(in thousands)							(in thousands)

Onsite staff costs, and other misc.		$	4,822		$	4,832			$	14,859		$	14,099
Goldmark Management fees		$	1,927		$	1,828			$	5,692			5,208
R&M related payroll and payroll related expenses		$	2,669		$	2,528			$	7,776			7,427
Sterling Management fees		$	31		$	25			$	84		$	76

Schedule of fees incurred and payable to Advisor


		Three Months ended September 30,							Nine Months ended September 30,
		2026			2025				2026			2025

		(in thousands)							(in thousands)
Fee:
Advisory		$	1,247		$	1,160			$	3,693		$	3,417
Acquisition		$	-		$	375			$	416		$	375
Disposition		$	58		$	-			$	58		$	-
Financing		$	18		$	44			$	147		$	75
Project Management		$	340		$	429			$	1,128		$	852


		Payable at
		September 30,			December 31,
		2026			2025

		(in thousands)
Fee:
Advisory		$	43		$	20
Development		$	206		$	115
Project Management		$	60		$	-

Schedule of rental income


		Three Months ended September 30,							Nine Months ended September 30,
		2026			2025				2026			2025

		(in thousands)							(in thousands)
Rental Income:
Operating lease agreement with our Advisor		$	36		$	35			$	105		$	103
Goldmark Property Management, Inc.		$	73		$	72			$	216		$	212
Bell Bank		$	328		$	321			$	981		$	961