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DEBT OBLIGATIONS (Tables)

9 Months Ended

Sep. 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):


		September 30,			December 31,
		2025			2024
Mortgages payable, gross		$	463,103		$	424,978
Unamortized deferred financing costs			(3,868)			(3,756)
Unamortized mortgage intangible assets			(564)			(667)
Mortgages payable, net		$	458,671		$	420,555

Schedule of principal repayments

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


		For the Three
		Months Ending			For the Years Ending
		December 31,			December 31,
		2025			2026			2027			2028			2029			Thereafter			Total
Amortization payments		$	2,772		$	10,912		$	9,866		$	9,215		$	7,136		$	30,609		$	70,510
Principal due at maturity			3,721			18,461			38,525			30,155			79,386			222,345			392,593
Total		$	6,493		$	29,373		$	48,391		$	39,370		$	86,522		$	252,954		$	463,103