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NOTES RECEIVABLE FROM MOBILE HOME PARKS (Tables) - MHP Notes

12 Months Ended

Dec. 31, 2025

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

Schedule of receivable, net of allowance and deferred financing fees

​

​	​	​	​	​	​	​	​	​	​
​	​	As of December 31,		​	As of December 31,		​	As of December 31,
​	​	2025		​	2024		​	2023
Outstanding principal balance	​	$	199,083	​	$	208,175	​	$	184,280
Loan discount and deferred financing fees	​	​	(1,146)	​	​	(1,057)	​	​	(1,565)
Allowance for loan losses	​		(1,399)	​		(654)	​		(735)
Total	​	$	196,538	​	$	206,464	​	$	181,980

Schedule of allowance for loan losses

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​	​	​	​	​	​	​
​	​	Year ended
​	​	December 31,
​	​	2025		​	2024
Allowance for loan losses, beginning of period	​	$	654	​	$	735
Provision for loan losses	​	​	745	​	​	(81)
(Charge offs) recoveries	​		—	​		—
Allowance for loan losses, end of period	​	$	1,399	​	$	654

Schedule of consumer loans receivable that are past due

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​	​	​	​	​	​	​	​	​	​	​
​	​	As of December 31,		​	​	​	As of December 31,		​	​
​	​	2025		​	%	​	2024		​	%
Total MHP loans receivable	​	$	199,083	​	100.0	​	​	208,175	​	100.0
Past due MHP loans:	​		​	​	​	​		​	​	​
31 - 60 days past due	​	$	1,674	​	0.8	​	$	410	​	0.2
61 - 90 days past due	​		711	​	0.4	​		—	​	—
91 - 120 days past due	​		—	​	—	​		—	​	—
Greater than 120 days past due	​		754	​	0.4	​		—	​	—
Total past due	​	$	3,139	​	1.6	​	$	410	​	0.2

Schedule of disaggregation of outstanding principal balance of consumer loans receivable

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Year of Origination

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2025

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2024

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2023

​

2022

​

2021

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Prior

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Total

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% of Portfolio

< 30 days past due

​

$

33,021

​

$

82,405

​

$

33,095

​

$

27,111

​

$

13,387

​

$

6,925

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$

195,944

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%

98.4

30-90 days past due

​

​

890

​

​

597

​

​

784

​

​

—

​

​

—

​

​

114

​

​

2,385

​

​

1.2

> 90 days past due

​

​

—

​

​

411

​

​

343

​

​

—

​

​

—

​

​

—

​

​

754

​

​

0.4

Total

​

$

33,911

​

$

83,413

​

$

34,222

​

$

27,111

​

$

13,387

​

$

7,039

​

$

199,083

​

%

100.0

X

- Definition

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Tabular disclosure of allowance for credit loss on financing receivable.

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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.

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