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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
REVENUES        
TOTAL REVENUES $ 39,036 $ 37,346 $ 78,434 $ 73,106
OPERATING EXPENSES        
Property operating expenses 9,561 8,996 19,672 17,618
Real estate taxes and insurance 7,518 7,438 15,145 14,574
General and administrative 3,819 3,459 7,644 7,010
Transaction pursuit costs (10) 0 (10) 0
Depreciation and amortization 7,314 7,455 14,950 14,834
Loss on impairment of Long-Lived Assets 0 0 33,780 0
TOTAL OPERATING EXPENSES 28,202 27,348 91,181 54,036
Litigation settlement and other (26) 0 (26) 0
INCOME (LOSS) FROM OPERATIONS 10,808 9,998 (12,773) 19,070
Loss on disposal of long-lived assets (685) 0 (685) 0
Interest expense, net (11,479) (11,741) (23,001) (23,480)
Net loss (1,356) (1,743) (36,459) (4,410)
Net loss attributable to non-controlling interests 840 1,083 22,596 2,737
Net loss attributable to common stockholders $ (516) $ (660) $ (13,863) $ (1,673)
Basic and diluted net loss per share (in dollars per share) $ (0.07) $ (0.06) $ (0.93) $ (0.15)
Residential Rental [Member]        
REVENUES        
TOTAL REVENUES $ 29,054 $ 27,748 $ 58,244 $ 53,854
Commercial Real Estate [Member]        
REVENUES        
TOTAL REVENUES $ 9,982 $ 9,598 $ 20,190 $ 19,252