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NOTES RECEIVABLE FROM MOBILE HOME PARKS (Tables) - Notes Receivable from Mobile Home Parks

3 Months Ended

Mar. 31, 2025

Accounts, Notes, Loans and Financing Receivable [Line Items]

Schedule of notes receivable

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​	​	​	​	​	​	​	​	​	​
​	​	As of March 31,		​	As of December 31,		​	As of December 31,
​	​	2025		​	2024		​	2023
Outstanding principal balance	​	$	204,400	​	$	208,175	​	$	184,280
Loan discount and deferred financing fees	​	​	(958)	​	​	(1,057)	​	​	(1,565)
Allowance for loan losses	​		(776)	​		(654)	​		(735)
Total	​	$	202,666	​	$	206,464	​	$	181,980

Schedule of allowance for loan losses

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​	​	​	​	​	​	​
​	​	Three months ended
​	​	March 31,
​	​	2025		​	2024
Allowance for loan losses, beginning of period	​	$	654	​	$	735
Provision for loan losses	​	​	122	​	​	(119)
(Charge offs) recoveries	​		—	​		—
Allowance for loan losses, end of period	​	$	776	​	$	616

Schedule of impaired and general reserve for allowance for loan losses

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​	​	​	​	​	​	​
​	​	As of March 31,		​	As of December 31,
​	​	2025		​	2024
Total MHP loans	​	$	204,400	​	$	208,175
Allowance for loan losses	​	​	776	​	​	654
Impaired loans individually evaluated for impairment	​	​	410	​	​	—
Specific reserve against impaired loans	​	​	28	​	​	—
Other loans collectively evaluated for allowance	​		203,990	​		208,175
General allowance for loan losses	​	​	748	​	​	654

Schedule of disaggregation of outstanding principal balance of consumer loans receivable

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Year of Origination

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2025

​

2024

​

2023

​

2022

​

2021

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Prior

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Total

​

% of Portfolio

< 30 days past due

​

$

3,888

​

$

86,690

​

$

40,863

​

$

32,453

​

$

20,613

​

$

17,083

​

$

201,590

​

%

98.6

30-90 days past due

​

​

—

​

​

1,933

​

​

—

​

​

467

​

​

—

​

​

—

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​

2,400

​

​

1.2

> 90 days past due

​

​

—

​

​

410

​

​

—

​

​

—

​

​

—

​

​

—

​

​

410

​

​

0.2

Total

​

$

3,888

​

$

89,033

​

$

40,863

​

$

32,920

​

$

20,613

​

$

17,083

​

$

204,400

​

%

100.0

​

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+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 310
-SubTopic 20
-Name Accounting Standards Codification
-Section 40
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481628/310-20-40-7

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Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

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