Real Estate (Tables)

12 Months Ended

Dec. 31, 2024

Real Estate [Abstract]

Schedule of Changes in Real Estate

The changes in real estate for the years ended December 31, 2024 and 2023 are as follows (in thousands):

	2024		2023
Balance at beginning of year	$	535,583	$	508,170
Property acquisitions		33,061		25,563
Improvements		2,180		1,850
Balance at end of year	$	570,824	$	535,583

Schedule of Changes in Accumulated Depreciation and Amortization Related to Real Estate Held for Investment

The changes in accumulated depreciation and amortization related to real estate held for investment, for the years ended December 31, 2024 and 2023 are as follows (in thousands):

	2024		2023
Balance at beginning of year	$	104,163	$	93,785
Depreciation and amortization for year		10,363		10,378
Balance at end of year	$	114,526	$	104,163

Schedule of Allocation of Purchase Prices of Assets Acquired and Liabilities Assumed

The following table summarizes the Company’s allocation of the purchase prices of assets acquired and liabilities assumed during 2024 and 2023 (in thousands):

	2024		2023
Land	$	5,437	$	17,383
Land Improvements		—		8,029
Building and Improvements		27,625		—
Acquired lease intangibles assets		1,089		2,655
Other assets		1,403		940
Total consideration	$	35,554	$	29,007