Common Equity

12 Months Ended

Dec. 31, 2024

Equity [Abstract]

Common Equity

Note 7 — Common Equity

As of December 31, 2024 and 2023, the Company had 16,791,769 Units outstanding. The Company expects to make periodic liquidating distributions out of cash flow distributions from our investment in Worldwide Plaza and ultimate sale of the Company's interest in Worldwide Plaza, subject to satisfying its liabilities and obligations, in lieu of regular monthly dividends. Through December 31, 2024, the Company paid aggregate distribution equal to $61.83 per share/Unit. On January 31, 2025, the Company declared a cash liquidating distribution of $4.15 per Unit payable to unitholders of record as of that date. There can be no assurance as to the amount or timing of future liquidating distributions unitholders will receive. The Company did not pay any liquidating distributions during the year ended December 31, 2024. The Company paid aggregate liquidating distributions equal to $0.25 per unit during the year ended December 31, 2023.