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Real Estate Properties (Tables) | 9 Months Ended
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Sep. 30, 2025
Real Estate [Abstract] |
Schedule of Real Estate Properties Owned | Real estate properties, consists of the following (dollars in thousands):
|  | September 30, 2025 |  | December 31, 2024
Land |  | $ | 74,246 |  |  | $ | 74,246 |
Building |  | 616,979 |  |  | 616,979 |
Building improvements |  | 37,081 |  |  | 31,115 |
Real estate properties |  | 728,306 |  |  | 722,340 |
Accumulated depreciation |  | (126,165) |  |  | (106,425) |
Total real estate properties, net |  | $ | 602,141 |  |  | $ | 615,915 |
A summary of real estate properties owned is as follows (dollars in thousands):
|  | December 31, 2024 Balance |  | Improvements |  | Depreciation |  | Real Estate Sold |  | September 30, 2025 Balance
Multi-family |  | $ | 614,235 |  |  | $ | 5,966 |  |  | $ | (19,657) |  |  | $ | — |  |  | $ | 600,544 |
Retail shopping center and other |  | 1,680 |  |  | 158 |  |  | (83) |  |  | (158) |  |  | 1,597 |
Total real estate properties |  | $ | 615,915 |  |  | $ | 6,124 |  |  | $ | (19,740) |  |  | $ | (158) |  |  | $ | 602,141 |
At the indicated dates, real estate properties of the unconsolidated joint ventures consist of the following (dollars in thousands):
| September 30, 2025 |  | December 31, 2024
Land | $ | 54,272 |  |  | $ | 46,331 |
Building | 387,567 |  |  | 344,546 |
Building improvements | 16,693 |  |  | 9,560 |
Real estate properties | 458,532 |  |  | 400,437 |
Accumulated depreciation | (92,124) |  |  | (81,843) |
Total real estate properties, net | $ | 366,408 |  |  | $ | 318,594 |

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- References No definition available. + Details
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- Definition Tabular disclosure of real estate properties and units in those properties that are included in the discussion of the nature of an entity's operations. + References No definition available. + Details
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