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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Rental and other revenue from real estate properties $ 24,031 $ 24,177 $ 71,379 $ 71,253
Loan interest and other income 403 219 1,358 408
Total revenues 24,434 24,396 72,737 71,661
Expenses:        
Real estate operating expenses - including $11 and $9 to related parties for the three months ended and $26 and $26 for the nine months ended 11,342 11,187 33,009 32,612
Interest expense 5,882 5,745 17,265 16,768
General and administrative - including $206 and $208 to related parties for the three months ended and $548 and $569 for the nine months ended 3,937 3,811 11,751 11,776
Depreciation and amortization 6,619 6,499 19,740 19,400
Total expenses 27,780 27,242 81,765 80,556
Total revenues less total expenses (3,346) (2,846) (9,028) (8,895)
Equity in (loss) earnings of unconsolidated joint ventures (75) 369 637 986
Gain on sale of real estate 755 0 755 0
Insurance recovery of casualty loss 0 0 257 0
Loss from continuing operations (2,666) (2,477) (7,379) (7,909)
Income tax provision (benefit) 2 (310) 120 (297)
Loss from continuing operations, net of taxes (2,668) (2,167) (7,499) (7,612)
Net income attributable to non-controlling interest (39) (38) (126) (109)
Net loss attributable to common stockholders $ (2,707) $ (2,205) $ (7,625) $ (7,721)
Weighted average number of shares of common stock outstanding:        
Basic (in shares) 18,028,496 17,796,206 18,000,615 17,720,024
Diluted (in shares) 18,028,496 17,796,206 18,000,615 17,720,024
Net loss per share amounts attributable to common stockholders:        
Basic (in dollars per share) $ (0.14) $ (0.12) $ (0.40) $ (0.41)
Diluted (in dollars per share) $ (0.14) $ (0.12) $ (0.40) $ (0.41)