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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (unaudited) - USD ($)
shares in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
REVENUE $ 71,399,000 $ 65,025,000 $ 207,041,000 $ 194,574,000
EXPENSES        
Property operating expenses, excluding real estate taxes 21,210,000 19,628,000 59,131,000 56,500,000
Real estate taxes 7,165,000 7,031,000 22,506,000 20,417,000
Property management expense 2,489,000 2,242,000 7,315,000 6,794,000
Casualty loss (gain) 127,000 (412,000) 1,058,000 918,000
Depreciation and amortization 29,056,000 26,084,000 83,807,000 78,810,000
Impairment of real estate investments 8,676,000 0 23,219,000 0
General and administrative expenses 4,997,000 4,102,000 14,376,000 12,941,000
TOTAL EXPENSES 73,720,000 58,675,000 211,412,000 176,380,000
Gain (loss) on sale of real estate and other investments 79,531,000 0 79,531,000 (577,000)
Operating income 77,210,000 6,350,000 75,160,000 17,617,000
Interest expense (12,989,000) (8,946,000) (33,348,000) (27,485,000)
Loss on extinguishment of debt (3,000) 0 (3,000) 0
Interest and other income 1,190,000 645,000 2,633,000 1,462,000
NET INCOME (LOSS) 65,408,000 (1,951,000) 44,442,000 (8,406,000)
Distributions to Series D preferred unitholders (109,000) (160,000) (429,000) (480,000)
Net (income) loss attributable to noncontrolling interests – Operating Partnership and Series E preferred units (9,197,000) 1,095,000 (6,071,000) 2,735,000
Net income attributable to noncontrolling interests – consolidated real estate entities (2,319,000) (32,000) (2,408,000) (98,000)
Net income (loss) attributable to controlling interests 53,783,000 (1,048,000) 35,534,000 (6,249,000)
Distributions to preferred shareholders 0 (1,607,000) 0 (4,821,000)
Redemption of preferred shares 0 (3,511,000) 0 (3,511,000)
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS 53,783,000 (6,166,000) 35,534,000 (14,581,000)
NET INCOME (LOSS) 65,408,000 (1,951,000) 44,442,000 (8,406,000)
Other comprehensive loss:        
Loss on derivative instrument reclassified into earnings 58,000 171,000 407,000 541,000
TOTAL COMPREHENSIVE INCOME (LOSS) 65,466,000 (1,780,000) 44,849,000 (7,865,000)
Net comprehensive (income) loss attributable to noncontrolling interests – Operating Partnership and Series E preferred units (9,188,000) 1,121,000 (6,011,000) 2,821,000
Net income attributable to noncontrolling interests – consolidated real estate entities (2,319,000) (32,000) (2,408,000) (98,000)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CONTROLLING INTERESTS $ 53,959,000 $ (691,000) $ 36,430,000 $ (5,142,000)
NET INCOME (LOSS) PER COMMON SHARE – BASIC (in dollars per share) $ 3.22 $ (0.40) $ 2.12 $ (0.96)
NET INCOME (LOSS) PER COMMON SHARE – DILUTED (in dollars per share) $ 3.19 $ (0.40) $ 2.12 $ (0.96)
Weighted average shares - basic (in shares) 16,726 15,528 16,731 15,143
Weighted average shares - diluted (in shares) 19,771 15,528 19,835 15,143