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DEBT OBLIGATIONS (Tables)

6 Months Ended

Jun. 30, 2025

DEBT OBLIGATIONS

Schedule of mortgages payable, net

The following table details the Mortgages payable, net, balances per the consolidated balance sheets (amounts in thousands):


		June 30,			December 31,
		2025			2024
Mortgages payable, gross		$	452,781		$	424,978
Unamortized deferred financing costs			(3,928)			(3,756)
Unamortized mortgage intangible assets			(599)			(667)
Mortgages payable, net		$	448,254		$	420,555

Schedule of principal repayments

The following table sets forth, as of June 30, 2025, scheduled principal repayments with respect to the Company’s mortgage debt (amounts in thousands):


		For the Six
		Months Ending			For the years ending
		December 31,			December 31,
		2025			2026			2027			2028			2029			Thereafter			Total
Amortization payments		$	5,524		$	11,038		$	9,999		$	9,356		$	7,284		$	30,987		$	74,188
Principal due at maturity			3,721			18,461			38,525			30,155			79,386			208,345			378,593
Total		$	9,245		$	29,499		$	48,524		$	39,511		$	86,670		$	239,332		$	452,781