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Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

Summary of Significant Accounting Policies [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The table below details the current and deferred income tax benefit (expense) for the years ended December 31, 2024, 2023 and 2022 (in thousands):

			2024						2023						2022
Current TRS income tax			$	137					$	—					$	(137)
Current state income tax expense			(360)						(240)						(226)
Current foreign income tax			(1,460)						(513)						(1)
Current foreign withholding tax			(1,290)						(1,318)						(1,041)
Deferred TRS income tax (expense) benefit			—						—						—
Deferred foreign withholding tax			—						—						—
Deferred income tax benefit			1,540						344						169
Income tax expense			$	(1,433)					$	(1,727)					$	(1,236)

Schedule of Deferred Tax Assets and Liabilities

The Company’s consolidated deferred tax position is summarized as follows at December 31 (in thousands):

			2024						2023
Fixed assets			$	22,268					$	25,416
Net operating losses			14,208						11,296
Start-up costs			2,144						2,301
Other			2,385						2,698
Total deferred tax assets			$	41,005					$	41,711
Fixed assets			$	(14,546)					$	—
Capital improvements			(2,562)						(2,786)
Straight-line receivable			(904)						(982)
Other			(2,129)						(805)
Total deferred tax liabilities			$	(20,141)					$	(4,573)
Valuation allowance			(34,936)						(36,613)
Net deferred tax (liability) asset			$	(14,072)					$	525

Schedule of Intangible Assets and Goodwill

Intangible assets and liabilities (included in "Other assets" and "Accounts payable and accrued liabilities" in the accompanying consolidated balance sheets) consist of the following at December 31 (in thousands):

			2024						2023
Assets:
In-place leases, net of accumulated amortization of $27.3 million and $26.6 million, respectively			$	14,677					$	16,402
Above-market lease, net of accumulated amortization of $1.4 million and $1.3 million, respectively			165						211
Tradenames, net of accumulated amortization of $850 thousand and $716 thousand, respectively (1)			8,314						8,447
Contract value, net of accumulated amortization of $2.4 million and $2.0 million, respectively			8,592						8,957
Goodwill			693						693
Total intangible assets, net			$	32,441					$	34,710
Liabilities:
Below-market lease, net of accumulated amortization of $3.5 million and $3.1 million, respectively			$	7,139					$	7,557

(1) At December 31, 2024 and 2023, $5.4 million in tradenames had indefinite lives and were not amortized.

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Future amortization of in-place leases, net, above-market lease, net, tradenames, net, contract value, net and below-market lease, net at December 31, 2024 is as follows (in thousands):

			In place leases						Tradenames (1)						Contract Value						Above-market lease						Below-market lease
Year:
2025			$	1,689					$	133					$	365					$	46					$	(408)
2026			1,606						133						365						46						(324)
2027			1,600						133						365						46						(259)
2028			1,506						133						365						27						(254)
2029			1,233						133						365						—						(251)
Thereafter			7,043						2,293						6,767						—						(5,643)
Total			$	14,677					$	2,958					$	8,592					$	165					$	(7,139)
Weighted average amortization period (years)			12.6						23.3						23.5						3.6						28.3
(1) Excludes $5.4 million in tradenames with indefinite lives.

Unusual Risks and Uncertainties

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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