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

6 Months Ended

Jun. 30, 2025

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

Schedule of notes receivable

​

​	​	​	​	​	​	​	​	​	​
​	​	As of June 30,		​	As of December 31,		​	As of December 31,
​	​	2025		​	2024		​	2023
Outstanding principal balance	​	$	204,910	​	$	208,175	​	$	184,280
Loan discount and deferred financing fees	​	​	(929)	​	​	(1,057)	​	​	(1,565)
Allowance for loan losses	​		(900)	​		(654)	​		(735)
Total	​	$	203,081	​	$	206,464	​	$	181,980

Schedule of allowance for loan losses

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Three months ended

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​

Six months ended

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​

June 30,

​

​

June 30,

​

​

2025

​

2024

​

​

2025

​

2024

Allowance for loan losses, beginning of period

​

$

776

​

$

616

​

​

$

654

​

$

735

Provision for loan losses

​

​

124

​

​

95

​

​

​

246

​

​

(24)

(Charge offs) recoveries

​

—

​

—

​

​

—

​

—

Allowance for loan losses, end of period

​

$

900

​

$

711

​

​

$

900

​

$

711

Schedule of impaired and general reserve for allowance for loan losses

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​	​	​	​	​	​	​
​	​	As of June 30,		​	As of December 31,
​	​	2025		​	2024
Total MHP loans	​	$	204,910	​	$	208,175
Allowance for loan losses	​	​	900	​	​	654
Impaired loans individually evaluated for impairment	​	​	410	​	​	—
Specific reserve against impaired loans	​	​	29	​	​	—
Other loans collectively evaluated for allowance	​		204,500	​		208,175
General allowance for loan losses	​	​	871	​	​	654

Schedule of disaggregation of outstanding principal balance of consumer loans receivable

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Year of Origination

​

​

2025

2024

2023

2022

2021

Prior

Total

% of Portfolio

< 30 days past due

​

$

18,047

​

$

87,714

​

$

37,135

​

$

30,338

​

$

17,101

​

$

13,698

​

$

204,033

​

%

99.6

30-90 days past due

​

​

—

​

​

—

​

​

—

​

​

467

​

​

—

​

​

—

​

​

467

​

​

0.2

> 90 days past due

​

​

—

​

​

410

​

​

—

​

​

—

​

​

—

​

​

—

​

​

410

​

​

0.2

Total

​

$

18,047

​

$

88,124

​

$

37,135

​

$

30,805

​

$

17,101

​

$

13,698

​

$

204,910

​

%

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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-Name Accounting Standards Codification
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-Topic 310
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-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
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Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
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-Publisher FASB
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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

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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