Property, Plant and Equipment |
9 Months Ended |
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Sep. 30, 2026 | |
| Property, Plant, and Equipment [Abstract] | |
| Property, Plant and Equipment | Note 6. Property, Plant and Equipment
Property, plant and equipment primarily consists of the Company’s real estate and is presented net of accumulated depreciation for a net book value of $1.9 million and $2.2 million as of September 30, 2026 and December 31, 2025, respectively. Depreciation expense from continuing operations was $0.1 million for each of the three months ended September 30, 2026 and 2025 and $0.2 million for each of the nine months ended September 30, 2026 and 2025.
As discussed in Note 1, subsequent to September 30, 2026, the Company acquired its initial manufactured housing communities. In October 2026, the Company acquired two manufactured housing communities in North Carolina with a total of 78 homesites. Both of the manufactured housing communities were purchased from an unaffiliated third party and were paid for by the Company using cash on hand.
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