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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Rental revenues (including $146 and $159 for the three months ended September 30, 2025 and 2024, respectively, and $435 and $495 for the nine months ended September 30, 2025 and 2024, respectively, from related parties) $ 11,919 $ 11,074 $ 34,856 $ 33,541
Other income 916 533 2,147 1,738
Total revenue 12,835 11,607 37,003 35,279
Expenses:        
Property operating expenses (including $90 and $87 for the three months ended September 30, 2025 and 2024, respectively, and $264 and $253 for the nine months ended September 30, 2025 and 2024, respectively, from related parties) 7,550 6,989 20,062 20,247
Depreciation and amortization 2,936 3,120 8,881 9,429
General and administrative (including $997 and $899 for the three months ended September 30, 2025 and 2024, respectively, and $3,056 and $2,748 for the nine months ended September 30, 2025 and 2024, respectively, from related parties) 1,719 1,590 4,745 4,550
Advisory fee to related party 2,203 1,971 6,714 5,910
Total operating expenses 14,408 13,670 40,402 40,136
Net operating loss (1,573) (2,063) (3,399) (4,857)
Interest income (including $1,891 and $2,299 for the three months ended September 30, 2025 and 2024, respectively, and $5,682 and $6,872 for the nine months ended September 30, 2025 and 2024, respectively, from related parties) 4,099 5,506 11,462 16,033
Interest expense (1,691) (2,123) (5,288) (5,958)
Equity in income (loss) from unconsolidated joint ventures 116 423 (24) 1,407
Gain (loss) on real estate transactions 755 (23,400) 5,593 (23,400)
Income tax provision (1,386) 4,641 (1,197) 3,552
Net income (loss) 320 (17,016) 7,147 (13,223)
Net income attributable to noncontrolling interests (191) (444) (1,226) (1,319)
Net income (loss) attributable to common shares $ 129 $ (17,460) $ 5,921 $ (14,542)
Earnings per share - basic and diluted        
Basic (in dollars per share) $ 0.01 $ (1.08) $ 0.37 $ (0.90)
Diluted (in dollars per share) $ 0.01 $ (1.08) $ 0.37 $ (0.90)
Weighted average common shares used in computing earnings per share        
Basic (in shares) 16,152,043 16,152,043 16,152,043 16,152,043
Diluted (in shares) 16,152,043 16,152,043 16,152,043 16,152,043