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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Investment in real estate:    
Land $ 169,917 $ 174,300
Building 1,072,124 1,044,019
Site improvements 25,741 23,973
Tenant improvements 80,397 69,679
Acquired lease intangible assets 144,573 138,945
Investment in real estate, Total 1,492,752 1,450,916
Less: accumulated depreciation and amortization (338,096) (288,921)
Investment in real estate, net 1,154,656 1,161,995
Cash and cash equivalents 9,084 6,815
Restricted cash 2,805 2,127
Tenant receivables, net 7,225 7,424
Escrow deposits 556 711
Deferred assets 28,907 28,208
Derivative assets 6,102 18,613
Goodwill 5,903 5,903
Investment in unconsolidated joint venture 1,781 2,066
Other assets 25,284 22,354
Total assets 1,242,465 1,256,486
Liabilities:    
Credit Facility, net of unamortized debt issuance costs of $10,476 and $4,868 at December 31, 2025, and December 31, 2024, respectively 652,699 631,732
Notes payable, net of unamortized debt issuance costs of $0 and $22 at December 31, 2025, and December 31, 2024, respectively 1,153 14,399
Accounts payable and accrued expenses 18,289 16,468
Dividends payable 12,484 16,520
Security deposits 3,421 3,324
Other liabilities 19,410 14,191
Acquired lease intangible liability, net 4,944 3,936
Total liabilities 712,400 700,570
Commitments and Contingencies
Equity:    
Preferred stock, $0.001 par value, 10,000 shares authorized; 5,155 shares and 3,105 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively (liquidation preference of $128,875 and $77,625 at December 31, 2025 and December 31, 2024, respectively) 124,106 74,959
Common stock, $0.001 par value, 100,000 shares authorized; 13,235 shares and 13,374 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively 13 13
Additional paid-in capital 729,514 734,277
Accumulated deficit (349,965) (293,736)
Accumulated other comprehensive income 6,102 18,613
Total Chiron Real Estate stockholders' equity 509,770 534,126
Noncontrolling interest 20,295 21,790
Total equity 530,065 555,916
Total liabilities and equity 1,242,465 1,256,486
Related Party Member    
Investment in real estate:    
Due from related parties 162 270
Liabilities:    
Other liabilities $ 0 $ 0