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Real Estate Properties (Tables)
9 Months Ended
Sep. 30, 2025
Real Estate [Abstract]  
Schedule of Real Estate Properties Owned
Real estate properties, consists of the following (dollars in thousands):
September 30, 2025December 31, 2024
Land$74,246 $74,246 
Building616,979 616,979 
Building improvements37,081 31,115 
  Real estate properties728,306 722,340 
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
 ImprovementsDepreciation Real Estate SoldSeptember 30, 2025
Balance
Multi-family$614,235 $5,966 $(19,657)$— $600,544 
Retail shopping center and other1,680 158 (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, 2025December 31, 2024
Land$54,272 $46,331 
Building387,567 344,546 
Building improvements16,693 9,560 
   Real estate properties458,532 400,437 
Accumulated depreciation(92,124)(81,843)
    Total real estate properties, net$366,408 $318,594