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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES | 9 Months Ended
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Sep. 30, 2024
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES | NOTE 7 – INVESTMENT IN UNCONSOLIDATED JOINT VENTURES ​ As of September 30, 2024 and December 31, 2023, the Company participated in two unconsolidated joint ventures, each of which owns and operates one property; the Company’s equity investment in these ventures totaled $2,038,000 and $2,051,000, respectively. The Company recorded equity in loss and earnings of $9,000 and $87,000 for the three and nine months ended September 30, 2024, respectively, and equity in loss of $905,000 and $761,000 for the three and nine months ended September 30, 2023, respectively. Included in equity in loss for the three and nine months ended September 30, 2023 is the Company’s 50% share of an impairment charge, or $850,000, related to its former Manahawkin, New Jersey joint venture property which was sold in December 2023.

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