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Consolidated Statements of Operations - USD ($)
shares in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
REVENUES:        
Rental and other property income $ 15,779,000 $ 19,249,000 $ 32,999,000 $ 38,022,000
Hotel income 11,173,000 11,696,000 23,307,000 22,960,000
Interest and other income 2,737,000 3,494,000 5,678,000 7,455,000
Total Revenues 29,689,000 34,439,000 61,984,000 68,437,000
EXPENSES:        
Rental and other property operating 16,974,000 17,196,000 34,099,000 35,177,000
Asset management and other fees to related parties           349,000 425,000 709,000 819,000
Interest 10,176,000 9,226,000 19,934,000 18,203,000
General and administrative 1,801,000 1,403,000 3,982,000 3,022,000
Transaction-related costs 803,000 135,000 829,000 825,000
Depreciation and amortization 6,264,000 6,456,000 12,824,000 12,934,000
Loss on early extinguishment of debt (Note 7) 88,000 0 88,000 0
Impairment of real estate (Note 3) 221,000 0 221,000 0
Total Expenses 38,245,000 36,126,000 75,540,000 73,433,000
(Loss) income from unconsolidated entities (437,000) 1,123,000 (1,588,000) 797,000
LOSS BEFORE (BENEFIT) PROVISION FOR INCOME TAXES (8,993,000) (564,000) (15,144,000) (4,199,000)
Provision for income taxes 158,000 288,000 279,000 558,000
NET LOSS (9,151,000) (852,000) (15,423,000) (4,757,000)
Net loss attributable to non-controlling interests 152,000 56,000 310,000 231,000
NET LOSS ATTRIBUTABLE TO THE COMPANY (8,999,000) (796,000) (15,113,000) (4,526,000)
Redeemable preferred stock dividends declared or accumulated (Note 11) (5,280,000) (7,876,000) (10,764,000) (15,635,000)
Redeemable preferred stock deemed dividends 0 (428,000) 0 (428,000)
Redeemable preferred stock redemptions (Note 11) 0 (567,000) (300,000) (1,373,000)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (14,279,000) $ (9,667,000) $ (26,177,000) $ (21,962,000)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS PER SHARE:        
Basic (in usd per share) $ (18.94) $ (98.64) $ (39.36) $ (224.10)
Diluted (in usd per share) $ (18.94) $ (98.64) $ (39.36) $ (224.10)
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING:        
Basic (in shares) 754 98 665 98
Diluted (in shares) 754 98 665 98
Corporate        
EXPENSES:        
Expense reimbursements to related parties $ 891,000 $ 612,000 $ 1,517,000 $ 1,217,000
Lending Segment        
EXPENSES:        
Expense reimbursements to related parties $ 678,000 $ 673,000 $ 1,337,000 $ 1,236,000