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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Rental revenues (including $145 and $178 for the three months ended March 31, 2025 and 2024, respectively, from related parties) $ 11,427 $ 11,279
Other income 581 620
Total revenue 12,008 11,899
Expenses:    
Property operating expenses (including $86 and $80 for the three months ended March 31, 2025 and 2024, respectively, from related parties) 5,977 6,634
Depreciation and amortization 2,883 3,172
General and administrative (including $1,002 and $934 for the three months ended March 31, 2025 and 2024, respectively, from related parties) 1,492 1,408
Advisory fee to related party 2,469 2,202
Total operating expenses 12,821 13,416
Net operating loss (813) (1,517)
Interest income (including $1,899 and $2,298 for the three months ended March 31, 2025 and 2024, respectively, from related parties) 4,010 5,733
Interest expense (1,820) (1,922)
Equity in income from unconsolidated joint ventures (159) 483
Gain on real estate transactions 3,891 0
Income tax provision (1,146) (475)
Net income 3,963 2,302
Net income attributable to noncontrolling interests (998) (551)
Net income attributable to common shares $ 2,965 $ 1,751
Earnings per share - basic and diluted    
Basic (in dollars per share) $ 0.18 $ 0.11
Diluted (in dollars per share) $ 0.18 $ 0.11
Weighted average common shares used in computing earnings per share    
Basic (in shares) 16,152,043 16,152,043
Diluted (in shares) 16,152,043 16,152,043