Condensed Consolidated Statement of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023
Revenues
Rental revenue	$ 1,054	$ 2,047
Total revenues	1,054	2,047
Expenses
Rental property operating	113	205
General and administrative	1,427	2,532
Management fee	699	1,098
Performance participation allocation	146	146
Depreciation and amortization	345	628
Total expenses	2,730	4,609
Other income
Income from investments in real estate debt	3,161	3,896
Other Income	1,560	2,394
Total other income	4,721	6,290
Net income	3,045	3,728
Net income attributable to non-controlling interests in ARIS OP	1,124	1,472
Net income attributable to ARIS stockholders	$ 1,921	$ 2,256
Net income per share of common stock, basic	$ 0.22	$ 0.38
Net income per share of common stock, diluted	$ 0.22	$ 0.38
Weighted-average shares of common stock outstanding, basic	8,681,106	5,979,955
Weighted-average shares of common stock outstanding, diluted	8,681,106	5,979,955